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		<title>NERC orders DisCos to refund ₦20.33bn meter costs to customers</title>
		<link>https://megaiconmagazine.com/nerc-orders-discos-to-refund-%e2%82%a620-33bn-meter-costs-to-customers/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=nerc-orders-discos-to-refund-%25e2%2582%25a620-33bn-meter-costs-to-customers&#038;utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=nerc-orders-discos-to-refund-%25e2%2582%25a620-33bn-meter-costs-to-customers</link>
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		<pubDate>Wed, 04 Mar 2026 13:54:28 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[Meter Asset Provider framework.]]></category>
		<category><![CDATA[NERC]]></category>
		<category><![CDATA[NERC orders DisCos to refund ₦20.33bn meter costs to customers]]></category>
		<category><![CDATA[Nigerian Electricity Regulatory Commission]]></category>
		<guid isPermaLink="false">https://megaiconmagazine.com/?p=44895</guid>

					<description><![CDATA[<p>&#160; The Nigerian Electricity Regulatory Commission has ordered electricity distribution companies to refund a total of ₦20.33bn in outstanding meter costs to customers under the Meter Asset Provider framework. The directive was contained in Order No: NERC/2026/025, which amends a previous 2023 order. The order was signed by the NERC Chairman, Musiliu Oseni, and the [&#8230;]</p>
<p>The post <a href="https://megaiconmagazine.com/nerc-orders-discos-to-refund-%e2%82%a620-33bn-meter-costs-to-customers/">NERC orders DisCos to refund ₦20.33bn meter costs to customers</a> first appeared on <a href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
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]]></description>
										<content:encoded><![CDATA[<p>&nbsp;</p>
<p>The Nigerian Electricity Regulatory Commission has ordered electricity distribution companies to refund a total of ₦20.33bn in outstanding meter costs to customers under the Meter Asset Provider framework.</p>
<p>The directive was contained in Order No: NERC/2026/025, which amends a previous 2023 order. The order was signed by the NERC Chairman, Musiliu Oseni, and the Commissioner, Legal, Licensing and Compliance at NERC, Dafe Akpeneye, on February 27, 2026.</p>
<p>According to the commission, the distribution companies are to recover and fully disburse the outstanding sum to affected customers over a 12-month period beginning from March 1, 2026.</p>
<p>Under the Meter Asset Provider framework, customers pay upfront for meters, while DisCos are expected to refund them through energy credits spread over an approved amortisation period.</p>
<p>However, NERC noted that the pace of reimbursement had been slow over the years, prompting the issuance of a new order to enforce compliance.</p>
<p>The commission stated that as of December 31, 2025, DisCos had failed to fully reimburse customers for meters procured under the MAP scheme, leaving an outstanding ₦20.33bn.</p>
<p>It explained that the new order was aimed at preventing recurring delays in reimbursements, improving customer notification, and strengthening credibility and confidence in the electricity sector.</p>
<p>“In February 2026, the commission reviewed the level of compliance of DisCos with the expected reimbursement to customers who have paid for meters under the MAP framework,” the order read.</p>
<p>It added that all reimbursements for meters procured under the scheme would henceforth be fully automated on customers’ accounts.</p>
<p>“DisCos shall ensure that the total cost of a MAP meter is recognised as credit on the customer’s account upon activation of the meter and disbursed automatically as monthly credits over the approved amortisation period,” the commission stated.</p>
<p>The order also directed that meter reimbursement credits must not be offset against customers’ legacy debts.</p>
<p>“DisCos shall not offset meter reimbursement credits against customer legacy debts; the items must be treated separately,” it said.</p>
<p>For prepaid customers, the commission mandated that DisCos automatically generate monthly tokens representing the reimbursement. For postpaid customers, the reimbursement must appear as a distinct credit line item on their bills.</p>
<p>“For customers with prepaid meters, no later than the 4th day of every month, the DisCo’s billing system will automatically generate a token with an energy value equivalent to the monthly reimbursement which the customer is due to receive over the 120-month amortisation period based on the prevailing tariff for the customer.</p>
<p>“For post-paid customers, the monthly reimbursement of the cost of a MAP meter shall appear as a distinct credit line item which is expected to be subtracted from the customer’s total payable for the month,” the commission added.</p>
<p>NERC further mandated all DisCos to submit monthly compliance reports and establish dedicated complaint channels for affected customers.</p>
<p>“All DisCos shall file monthly reports with the commission detailing the total monetary value of the reimbursement to customers through energy credit, in accordance with the template approved by the commission.</p>
<p>“All DisCos shall establish a dedicated email address for the receipt of complaints from customers who have not received MAP meter cost reimbursements. Details of such complaints, including the status of their resolution, shall form part of the monthly compliance reports submitted to the commission,” it stated.</p>
<p>To recover the ₦20.33bn arrears, the commission directed DisCos to accelerate repayment over 12 months starting from March 1, 2026.</p>
<p>“To recover the sum of ₦20.33bn that was not reimbursed to customers as at 31 December 2025, DisCos shall accelerate the rate of recovery for the affected customers over 12 months commencing from 1 March 2026,” the order added.</p>
<p>The commission noted that during the accelerated repayment period, prepaid customers would receive two tokens monthly, while postpaid customers would see two reimbursement line items on their bills.</p>
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		<title>Reps Order Reversal of Tariff Hike for Band A Customers</title>
		<link>https://megaiconmagazine.com/reps-order-reversal-of-tariff-hike-for-band-a-customers/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=reps-order-reversal-of-tariff-hike-for-band-a-customers&#038;utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=reps-order-reversal-of-tariff-hike-for-band-a-customers</link>
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		<dc:creator><![CDATA[Mega Icon]]></dc:creator>
		<pubDate>Tue, 23 Jul 2024 18:27:44 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[Band A]]></category>
		<category><![CDATA[DisCos]]></category>
		<category><![CDATA[distribution companies]]></category>
		<category><![CDATA[NERC]]></category>
		<category><![CDATA[Nigeria Electricity Regulatory Commission]]></category>
		<category><![CDATA[Reps Order Reversal of Tariff Hike for Band A Customers]]></category>
		<guid isPermaLink="false">https://megaiconmagazine.com/?p=41044</guid>

					<description><![CDATA[<p>&#160; The House of Representatives on Tuesday demanded an immediate reversal of the recent tariff increase for Band A customers by the Nigeria Electricity Regulatory Commission (NERC) and the distribution companies (DISCOs). The resolution followed the adoption of a report presented by the House Committee on Power. Committee Chairman, Victor Nwokolo emphasised that the new [&#8230;]</p>
<p>The post <a href="https://megaiconmagazine.com/reps-order-reversal-of-tariff-hike-for-band-a-customers/">Reps Order Reversal of Tariff Hike for Band A Customers</a> first appeared on <a href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
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]]></description>
										<content:encoded><![CDATA[<p>&nbsp;</p>
<p>The House of Representatives on Tuesday demanded an immediate reversal of the recent tariff increase for Band A customers by the Nigeria Electricity Regulatory Commission (NERC) and the distribution companies (DISCOs).</p>
<p>The resolution followed the adoption of a report presented by the House Committee on Power.</p>
<p>Committee Chairman, Victor Nwokolo emphasised that the new tariff is unaffordable for many Nigerians.</p>
<p>The Committee recommended restoring the previous tariff structure, a motion that was approved by the Committee of the Whole and subsequently passed.</p>
<p>Also, the House has mandated a further investigation into the reasons behind the tariff hike.</p>
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		<title>House of Reps rejects proposed electricity tariff increase</title>
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		<pubDate>Thu, 20 Jul 2023 13:40:49 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[House of Reps rejects proposed electricity tariff increase]]></category>
		<category><![CDATA[National Electricity Regulatory Commission]]></category>
		<category><![CDATA[NERC]]></category>
		<guid isPermaLink="false">https://megaiconmagazine.com/?p=37585</guid>

					<description><![CDATA[<p>The House of Representatives has opposed the National Electricity Regulatory Commission (NERC) by rejecting the proposed increase in electricity tariff. This resolution was reached following a motion presented by Honourable Aliyu Madaki representing Dala Federal Constituency, who expressed strong disapproval of the price hike, especially considering the recent increase in petrol prices that has already [&#8230;]</p>
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]]></description>
										<content:encoded><![CDATA[<p dir="ltr">
<p dir="ltr"><i><b>The House of Representatives has opposed the National Electricity Regulatory Commission (NERC) by rejecting the proposed increase in electricity tariff.</b></i></p>
<p dir="ltr">This resolution was reached following a motion presented by Honourable Aliyu Madaki representing Dala Federal Constituency, who expressed strong disapproval of the price hike, especially considering the recent increase in petrol prices that has already burdened many Nigerians.</p>
<p dir="ltr">He noted that it is inappropriate and insensitive to introduce such a significant tariff increase at a time when citizens are still grappling with the impact of the petrol price surge.</p>
<p dir="ltr">Responding to the motion, the House has mandated its committee on power, once constituted, to engage in discussions with NERC. The aim is to seek a mutual understanding and find a middle ground to address the proposed tariff hike, considering the current economic challenges faced by the populace.</p>
<p dir="ltr">The lawmakers added that the House remains committed to safeguarding the interests of Nigerians and ensuring that decisions made by regulatory bodies are in line with the welfare of the citizens.</p>
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		<title>Oyo govt. targets generating 2000MW through IPP</title>
		<link>https://megaiconmagazine.com/oyo-govt-targets-generating-2000mw-ipp/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=oyo-govt-targets-generating-2000mw-ipp&#038;utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=oyo-govt-targets-generating-2000mw-ipp</link>
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		<pubDate>Mon, 11 Dec 2017 02:29:26 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[(IBEDC)]]></category>
		<category><![CDATA[2000 megawatts]]></category>
		<category><![CDATA[Abiola Ajimobi]]></category>
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		<category><![CDATA[Global Eco- Energy]]></category>
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					<description><![CDATA[<p>Oyo State Government has set a target to generate 2000 megawatts (MW) of electricity as it disclosed that necessary arrangements are being put in place to generate more electricity through the Independent Power Project (IPP), adding that it has sought the approval of the National Energy Regulation Commission (NERC) The Commissioner for Works and Transport, [&#8230;]</p>
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										<content:encoded><![CDATA[<p><em><strong>Oyo State Government has set a target to generate 2000 megawatts (MW) of electricity as it disclosed that necessary arrangements are being put in place to generate more electricity through the Independent Power Project (IPP), adding that it has sought the approval of the National Energy Regulation Commission (NERC)</strong></em></p>
<p>The Commissioner for Works and Transport, Mr. Wasiu Dauda made the disclosure at the weekend during a meeting with the Management of Ibadan Electricity Distribution Company, (IBEDC) at IBEDC office headquarters in Ibadan.</p>
<p>Mr. Dauda stated that the state government is poised to proffer a lasting solution to the challenge of power generation shortfall in the state in order to improve the social and economic growth of individuals, corporate organisations, the state and the country at large.</p>
<p>The Commissioner explained that the analysis of the energy needs of the State revealed that Oyo State requires about 1265MW, stressing that the state government has requested for the approval of the National Energy Regulation Commission (NERC) to generate 2000MW embedded power.</p>
<p>He stated that the State Government is already having fruitful discussions with Messrs Diversified Global Eco- Energy (DGE) and efforts are in top gear to kick-start the project using Ibadan North and South West Local Governments as a pilot scheme with a total of 100MW.</p>
<p>He further stressed that Ibadan North Local Government is chosen to represent the residential client template of the scheme while Ibadan South West Local Government represents the industrial client template, pointing that a total of 50MW is intended to be provided for each of the Local Government Area chosen as a pilot scheme.</p>
<p>Dauda added, &#8220;DGE has agreed to finance the cost of the equipment, however, the company requires a sovereign guarantee of the state government. To consummate the actualization of this noble project, a special Project Entity (SPE) consisting of DGE, Oyo State Government and Ibadan Electricity Distribution Company (IBEDC) will have to be formed&#8221;.</p>
<p>He, also noted that the intention of the State Government is to provide 24 hours day long uninterrupted electricity at a relatively cheaper cost both for the individual households and industrial purposes and thereby reduce a colossal sum being spent to generate power by the citizenry.</p>
<p>Responding, the Managing Director/CEO Ibadan Electricity Distribution Company (IBEDC), Mr. John Donnachie, assured that IBEDC will work with Oyo state Government to ensure the success of the project.</p>
<p>&#8221;I am so happy to reaffirm the support of Ibadan Electricity Distribution company (IBEDC), because it&#8217;s what we have been looking forward to and we pledge our full support and commitment to create a viable electricity industry that works for the citizenry&#8221;, he said.</p>
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