NERC to Disband Boards of Discos over Poor Performance
There seems to be more troubles for the electricity distribution companies as the power industry regulator, Nigerian Electricity Regulatory Commission (NERC), has threatened to the sack of the management boards of the 11 electricity distribution companies (Discos) in the country over poor performance.
NERC’s Commissioner for Engineering Performance and Monitoring, Prof. Frank Okafor disclosed this during the 16th edition of the monthly power sector operators’ meeting which was hosted by the Niger Delta Power Holding Company (NDPHC) Limited at one of its transmission stations in Ugwuaji, Enugu State.
He explained that the regulatory commission was fed up with the operational excesses and excuses of the Discos, especially on their reported failures to abide by the performance agreements they signed with it in providing meters for electricity consumers in the country as well as their other commitments to utilising the regulator’s approved methodology for estimation of monthly bills and even returns on invoices.
The commissioner noted that the Discos have failed to accomplish the terms in the metering plans they submitted to the commission. He further explained: “We are looking at very heavy sanctions including calling off the boards of some Discos and replacing them. It is going to be as bad as that very soon because NERC has a right just like the Central Bank does to the banks, to sack the board and put in a new board.”
According to him, “We cannot continue to suffer like this and power as you know without it we cannot do much. If we are going to impose any sanctions, it is going to be based on the performance agreements they signed. There are also commitment they made in this meetings and some of them have not done much.”