Penalties for underperforming discos have been proposed by FG.

today02/13/2024 3

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The Federal Government on Monday declared thatvPower distribution companies that are performing below stipulated standards in the Nigeria Electricity Supply Industry are going to lose 50 per cent of their operating expenditures.
The Nigerian Electricity Regulatory Commission (NERC) made the declaration at its 1st Stakeholders Meeting of 2024 in Lagos, stressing that the individual performances of the Discos shall be examined on a case by case basis going forward.
Officially, Nigeria has 11 power distribution companies that supply electricity to over 12 million registered power users across the country with the successor Discos alongside power generation companies being privatised in November 2013.
The vice Chairman of NERC, Musiliu Useni in series of posts on the power sector regulator’s official X handle on Monday, urged Discos to improve their performance or suffer consequence.

Written by: bossgmsi

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