In order to address growing outstanding electricity consumption debts, BEDC Electricity Plc (BEDC) has developed a debt restructuring scheme which offers customers a various range of discounts, and, in combination with the down payment, extends the period of debt contract up to a maximum of 60 months, depending on customers’ debt profile.
The Debt Rescheduling scheme is in line with the Nigerian Electricity Regulatory Commission (NERC) Act which mandates that electricity operators recover costs on prudent investment to be able to provide quality services to customers. This scheme has taken off across the franchise States of Delta, Edo, Ekiti, and Ondo.
The scheme is designed in a customer-centric manner aiming to support esteemed customers to minimize debt repayment burden and to help them to gradually decrease accumulated debts, while providing increased quality in electricity supply in line with Service Reflective Tariff (SRT) Regulation.
BEDC explained that the scheme was introduced in order to help customers who were unable to settle electricity bills as at when due, given series of challenges including prevailing economic and financial difficulties.
“For customers who have outstanding debts and do not pay as and when due disconnection of these parties will continue, unless they are part of the rescheduled agreement and are paying their debts on due dates,” BEDC stated further.