Enugu and Port-Harcourt Distribution Companies may be awaiting the sanction of the Nigerian Electricity Regulatory Commission (NERC) out of the eight Distribution Companies (DisCos) whose licenses were marked for revocation.
The two DisCos, recently failed to comply with the Minimum Remittance Order (MRO) even after the three months’ notice given them earlier to sit up or lose their licences by the commission had expired, though they provided requested operational information like the six DisCos did.
In a recent notice dated December 12, 2019, NERC invited the public for a hearing next Thursday December 19, to hear from the Managing Directors of Enugu and Port Harcourt DisCos while it will hold a private meeting with the other six DisCos to resolve the poor remittance issues on Friday December 20, 2019.
NERC had earlier on November 20, 2019 through an email said those who comply with MRO for three months will be deem as “good faith”. They will not have their license revoked but hold private meeting to resolve the issues.
The latest NERC notice issued by the Commissioner, Legal, Licencing and Compliance, Dafe Akpeneye shows that all eight DisCos submitted their responses within the required deadline.
The Commission said, “2 out of the 8 DisCos (EEDC) and PHEDC) did not meet the expected minimum remittance thresholds for any of the 3 months of July to September 2019.”
NERC, the regulator of the power industry, had given the eight DisCos till December 7, 2019 since October 8, 2019 (60 days) to defend why their licences should not be revoked for remitting below average on July 2019 energy payment to the Nigerian Bulk Electricity Trading Plc (NBET)