HomeBusinessNERC tightens safety net, imposes N15m death compensation on power firms

NERC tightens safety net, imposes N15m death compensation on power firms

The Nigerian Electricity Regulatory Commission (NERC) has introduced a tougher safety and compensation regime for the power sector, requiring electricity companies to pay a minimum of N15 million for fatalities resulting from electrical accidents while strengthening accountability measures across the industry.

The new provisions are contained in the revised Health and Safety Code for the Nigerian Electricity Supply Industry (NESI), which seeks to improve protection for workers, electricity consumers and members of the public amid persistent concerns over electrocutions, fallen power lines, transformer explosions and other network-related accidents.

Under the revised framework, electricity distribution companies (DisCos), generation companies, transmission operators and other licensees will be required to maintain comprehensive insurance policies covering employees, contractors and third parties who may be affected by electrical accidents.

A key feature of the code is the introduction of a clearly defined compensation framework for accident victims.

According to the code, compensation payable for loss

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