NERC to forcefully recover revenue from power firms

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The Nigerian Electricity Regulatory Commission (NERC) on Monday stated that it had commenced enforcement procedures against power distribution companies in relation to the remittance of revenue, The Punch reports.

It, however, did not explain how it went about the process, considering the fact that only two power distribution companies ( Eko Disco – 100% and Yola Disco – 91%) were able to make over 90% remittance to the electricity Market Operator in May 2017, which was the latest monthly performance report released by the MO.

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.