Close Menu
    What's Hot

    Kerosene Price Increases to N2,976.94 Per Litre in April- NBS

    May 29, 2026

    At 2026 Ojude Oba, FCMB Embraces Continuity and Enterprise

    May 29, 2026

    Oil Prices Decline as US-Iran Extend Ceasefire

    May 29, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, May 29
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FCCPC Task DisCos on Consumer Involvement in Electricity Bands Classification
    News

    FCCPC Task DisCos on Consumer Involvement in Electricity Bands Classification

    Marketforces AfricaBy Marketforces AfricaNovember 5, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    FCCPC Task DisCos on Consumer Involvement in Electricity Bands Classification
    Share
    Facebook Twitter Pinterest Email Copy Link

    FCCPC Task DisCos on Consumer Involvement in Electricity Bands Classification

    The Federal Competition and Consumer Protection Commission (FCCPC), has called on electricity distribution companies (DISCOs) to carry energy consumers along before classifying them into bands for transparency.

    Mr Tunji Bello, the Executive Vice Chairman of FCCPC, said the call was part of the resolution reached at the Commission’s meeting with electricity stakeholders in Abuja on Tuesday. Bello said the resolution was due to complaints by consumers who were classified into different electricity bands without their consent.

    He said the Commission also directed Ikeja Electricity Distribution Company (IKEDC) and Eko Electricity Distribution Company (EKEDP) to immediately halt the replacement of Unistar prepaid meters in Lagos State and environs.

    Bello said the resolution was due to non-compliance of DisCos with the Nigerian Electricity Regulatory Commission’s (NERC) order. He cited an example of a complaint received by FCCPC from an Ikeja Electric customer who had expressed frustration at being asked to replace a functioning meter at a significant personal cost.

    ”To prevent potential exploitation, FCCPC has directed that all meter replacement processes be conducted transparently, with costs borne by the DisCos and not passed on to consumers.

    ”FCCPC will enforce strict compliance with these regulatory requirements to protect consumers from arbitrary charges and estimated billing.

    ”FCCPC’s directive to discontinue the replacement process stems from the DisCos’ non-compliance with NERC’s “Order on Structured Replacement of Faulty and Obsolete End-user Customer Meters in the Nigerian Electricity Supply Industry.

    ”Both NERC and NEMSA endorsed the FCCPC’s stance on the issue,” he said. The meeting was attended by representatives from the NERC, the Nigerian Electricity Management Services Agency (NEMSA), various electricity distribution companies (DISCOs) and Unistar Hitech Systems Limited. #FCCPC Task DisCos on Consumer Involvement in Electricity Bands Classification Naira Falls to N1,486 as FX Crisis Deepens

    DISCOS fccpc
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Related Posts

    News

    Kerosene Price Increases to N2,976.94 Per Litre in April- NBS

    May 29, 2026
    Companies

    At 2026 Ojude Oba, FCMB Embraces Continuity and Enterprise

    May 29, 2026
    News

    Oil Prices Decline as US-Iran Extend Ceasefire

    May 29, 2026
    News

    South African Rand in Sideways Moves Ahead of Economic Data

    May 29, 2026
    News

    FTSE 100 Dips, Wall Street at Record Highs Amidst Ceasefire Extension

    May 29, 2026
    News

    BTC, ETH, XRP Decline Sharply on $1bn Crypto Liquidation

    May 29, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Kerosene Price Increases to N2,976.94 Per Litre in April- NBS

    May 29, 2026

    At 2026 Ojude Oba, FCMB Embraces Continuity and Enterprise

    May 29, 2026

    Oil Prices Decline as US-Iran Extend Ceasefire

    May 29, 2026

    South African Rand in Sideways Moves Ahead of Economic Data

    May 29, 2026
    Latest Posts

    Kerosene Price Increases to N2,976.94 Per Litre in April- NBS

    May 29, 2026

    At 2026 Ojude Oba, FCMB Embraces Continuity and Enterprise

    May 29, 2026

    Oil Prices Decline as US-Iran Extend Ceasefire

    May 29, 2026

    South African Rand in Sideways Moves Ahead of Economic Data

    May 29, 2026

    FTSE 100 Dips, Wall Street at Record Highs Amidst Ceasefire Extension

    May 29, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Kerosene Price Increases to N2,976.94 Per Litre in April- NBS

    May 29, 2026

    At 2026 Ojude Oba, FCMB Embraces Continuity and Enterprise

    May 29, 2026

    Oil Prices Decline as US-Iran Extend Ceasefire

    May 29, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.