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LASERC has clarified that its proposed 12-month billing rule will not cancel existing electricity debts owed by consumersThe commission said the rule will only apply after the new Retail Electricity Supply Code takes effect and is meant to ensure electricity companies issue bills within 12 monthsLASERC added that all outstanding electricity debts remain valid and must still be paid, while the new rule is designed to improve timely billing and accountability
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Lagos State Electricity Regulatory Commission (LASERC) has clarified that its proposed 12-month electricity billing rule will not cancel outstanding debts already owed by electricity consumers, dismissing reports that suggested otherwise.
The regulator said the misunderstanding arose from interpretations of its draft Retail Electricity Supply Code, stressing that the provision is forward-looking and will only become effective after the code is officially adopted.
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