• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Wednesday, May 13, 2026
  • Login
No Result
View All Result
NEWSLETTER
iNews Times
  • Home
  • Headlines
  • News
  • National
  • International
  • Politics
  • Business
  • Education
  • Sports
  • Entertainment
  • Metro
  • Home
  • Headlines
  • News
  • National
  • International
  • Politics
  • Business
  • Education
  • Sports
  • Entertainment
  • Metro
No Result
View All Result
iNews Times
No Result
View All Result
Home Business

‎NERC Orders DisCos to Refund N20bn to Metered Customers ‎

‎Electricity Users to Receive N20bn Refund as NERC Sanctions DisCos

byChinenye Agu 🇳🇬
March 29, 2026
in Business
‎NERC Orders DisCos to Refund N20bn to Metered Customers ‎

Share this

  • Facebook
  • X
  • WhatsApp
  • Email
  • LinkedIn
  • SMS
  • Telegram

‎…NERC explained that the new order aims to eliminate recurring reimbursement delays

‎‎ABUJA, NIGERIA- The iNews Times | The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies to refund a total of N20.33bn to customers who paid for meters under the Meter Asset Provider (MAP) scheme.

‎The regulator said the outstanding sum must be fully recovered and repaid to affected customers within 12 months, starting from March 1, 2026.

‎Under the MAP arrangement, customers purchase meters upfront and are reimbursed by their DisCos through energy credits. However, NERC observed that repayments have been sluggish over the years, prompting fresh regulatory action.

RelatedPosts

EU Fuel Surcharge Ban: Airlines Cannot Add Extra Charges After Ticket Purchase

Zenith Bank Group Chairman Jim Ovia Bows Out After 12-Years Tenure Expiration

MTN and Airtel Airtime Lending Dispute: Court Stops Suspension of Nairtime Services

‎The directive, Order No: NERC/2026/025 which revises the 2023 guidelines on meter cost reimbursement was signed on February 27, 2026, by NERC Chairman, Musiliu Oseni, and Commissioner for Legal, Licensing & Compliance, Dafe Akpeneye.

‎According to the commission, as of December 31, 2025, DisCos had yet to refund N20.33bn to customers who procured meters through the MAP framework.

‎Following a compliance review conducted in February 2026, the commission confirmed the outstanding amount and stressed the need for immediate corrective measures.

‎NERC explained that the new order aims to eliminate recurring reimbursement delays, improve customer communication, and boost confidence in the electricity sector.

‎The revised directive mandates full automation of refunds. DisCos must recognise the total cost of a MAP meter as a credit on a customer’s account once the meter is activated and refund it through automatic monthly credits over the approved amortisation period.

‎The order also prohibits DisCos from deducting meter reimbursement credits to settle customers’ old debts, stating clearly that both must be treated separately.

‎For prepaid customers, DisCos are required to generate monthly energy tokens reflecting the reimbursement no later than the fourth day of each month. Postpaid customers, on the other hand, must see the reimbursement as a clearly stated credit line on their monthly bills.

‎To clear the N20.33bn backlog, DisCos are to fast-track repayments within a 12-month window beginning March 1, 2026. During this period, prepaid customers will receive two reimbursement tokens monthly, while postpaid customers will have two credit entries reflected on their bills.

‎Additionally, NERC mandated monthly compliance reports from all DisCos detailing the total value of reimbursements made via energy credits, using a commission-approved template.

‎The regulator also directed DisCos to create dedicated email channels for complaints from customers who have not received their MAP refunds. Updates on such complaints and their resolution status must be included in the monthly reports submitted to the commission.

Chinenye Agu 🇳🇬

Chinenye Agu 🇳🇬

Related Posts

Peter Obi MSMEs Support Drive Intensifies After UK Business Stakeholders’ Meeting

Peter Obi MSMEs Support Drive Intensifies After UK Business Stakeholders’ Meeting

byAwesome Ekene
May 13, 2026
0

Peter Obi MSMEs Support Gains Momentum After UK Business Stakeholders’ Meeting. Former Anambra governor pushes trade partnerships and small business...

Kaduna Kidnap Arrest as Troops Nab Suspect in Zangon Kataf

Kaduna Kidnap Arrest as Troops Nab Suspect in Zangon Kataf

byAsabe Aliyu
May 13, 2026
0

Kaduna Kidnap Arrest: Troops Apprehend Suspect in Zangon Kataf. Joint security operation with CJTF targets kidnapping networks in Southern Kaduna....

Awka African Cities Programme Boost as AfDB Selects Anambra Capital for Landmark Urban Transformation

Awka African Cities Programme Boost as AfDB Selects Anambra Capital for Landmark Urban Transformation

byAwesome Ekene
May 13, 2026
0

Awka African Cities Programme Boost as AfDB Backs Urban Transformation. Contract signing with Spanish construction giant signals new phase in...

UNIZIK Smart Healthcare Initiative: Prof Anyaehie Unveils Mobile Clinics, Digital Health Solutions

UNIZIK Smart Healthcare Initiative: Prof Anyaehie Unveils Mobile Clinics, Digital Health Solutions

byChidinma Anyanwu
May 12, 2026
0

UNIZIK Smart Healthcare Initiative Brings Doctors to Students’ Doorsteps. Care365 partnership with SiliconHub introduces tech-driven medical services to boost campus...

UTME 2025 Admission Statistics Show 1 Million Admitted Out of 2 Million Candidates  

UTME 2025 Admission Statistics Show 1 Million Admitted Out of 2 Million Candidates  

byAsabe Aliyu
May 11, 2026
0

UTME 2025 Admission Statistics: 1 Million Candidates Secure Tertiary Placement. JAMB data reveals score-based trends as over two million applicants...

INEC 2027 General Elections: Commission to Deploy 1.4 Million Ad Hoc Staff Nationwide

INEC 2027 General Elections: Commission to Deploy 1.4 Million Ad Hoc Staff Nationwide

byAsabe Aliyu
May 11, 2026
0

INEC 2027 General Elections Strategy Centers on NYSC Partnership. Corps Members to Form Majority as Electoral Body Strengthens Partnership with...

Next Post
‎Fubara Sends List of Nine Commissioner Nominees to Rivers Lawmakers

‎Rivers Assembly summons Fubara’s commissioner nominees for confirmation ‎

Recommended

Nigerian Army arrest soldier over death of phone repairer

Phone Repairer’s Death: Army Confirms Arrest of Soldier

10 months ago
Oyedele cautions against delayed implementation of tax reforms

Oyedele cautions against delayed implementation of tax reforms

5 months ago

Popular News

  • Peter Obi MSMEs Support Drive Intensifies After UK Business Stakeholders’ Meeting

    Peter Obi MSMEs Support Drive Intensifies After UK Business Stakeholders’ Meeting

    0 shares
    Share 0 Tweet 0
  • Kaduna Kidnap Arrest as Troops Nab Suspect in Zangon Kataf

    0 shares
    Share 0 Tweet 0
  • Awka African Cities Programme Boost as AfDB Selects Anambra Capital for Landmark Urban Transformation

    0 shares
    Share 0 Tweet 0
  • UNIZIK Smart Healthcare Initiative: Prof Anyaehie Unveils Mobile Clinics, Digital Health Solutions

    0 shares
    Share 0 Tweet 0
  • UTME 2025 Admission Statistics Show 1 Million Admitted Out of 2 Million Candidates  

    0 shares
    Share 0 Tweet 0

Connect with us

About Us

We bring you the news....

Category

  • Agriculture
  • Business
  • Culture
  • Editorial
  • Education
  • Entertainment
  • Headlines
  • Health
  • International
  • Metro
  • National
  • News
  • Opinion
  • Politics
  • SouthEast Times
  • Sports

Quick Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

Read Also…

  • Peter Obi MSMEs Support Drive Intensifies After UK Business Stakeholders’ Meeting
  • Kaduna Kidnap Arrest as Troops Nab Suspect in Zangon Kataf
  • Awka African Cities Programme Boost as AfDB Selects Anambra Capital for Landmark Urban Transformation
  • UNIZIK Smart Healthcare Initiative: Prof Anyaehie Unveils Mobile Clinics, Digital Health Solutions
  • UTME 2025 Admission Statistics Show 1 Million Admitted Out of 2 Million Candidates  
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

© 2025 iTimes Media & Production Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Headlines
  • News
  • National
  • International
  • Politics
  • Business
  • Education
  • Sports
  • Entertainment
  • Metro

© 2025 iTimes Media & Production Limited