- NERC Begins Forceful Revenue Collection From Power Firms
The Nigerian Electricity Regulatory Commission on Monday stated that it had commenced enforcement procedures against power distribution companies in respect to the remittance of revenue.
It, however, did not explain how it went about the process, considering the fact that only two power distribution companies were able to make over 90 per cent remittance to the electricity Market Operator in May 2017, which was the latest monthly performance report released by the MO.
The country has 11 power distribution companies. Only the Eko and Yola Discos remitted 100 per cent and 91 per cent revenues, respectively in May. The other nine remitted below 50 per cent, despite NERC’s claim of enforcing stipulated collection procedures.
The Vice Chairman, NERC, Mr. Sanusi Garba, and two other commissioners of the agency refused to speak to journalists on Monday when contacted to throw more light on the enforcement procedures adopted by the commission as captured in the communique issued at the end of the 17th power operators’ monthly meeting in Abuja.
The meeting, which was hosted by Abuja Electricity Distribution Company, had operators at the highest executive management levels in the sector, as well as officials of the Nigerian National Petroleum Corporation and the Central Bank of Nigeria.
