Fashola Believes New Metering Policy Will Make Discos Happy
You may have heard that there is a new policy geared towards providing meters by third party agents to bridge the metering gap in the electricity sector.
It is known as the Meter Asset Provider policy and the Minister of Power, Works and Housing, Mr Babatunde Fashola, believes the policy will ease the financial pressure facing electricity distribution companies, DisCos in the country.
The MAP Regulations, 2018 was introduced by the Nigerian Electricity Regulatory Commission last year to eliminate estimated billing practice, attract private investments into the provision of metering services, and close the metering gap through accelerated meter rollout.
He said: “We have a policy on metering, the Meter Asset Provider policy, which allows new businesses to enter the metering area. Just in the way the Gencos and Discos were licensed, we are going to license them too as meter asset providers in the value chain of power supply.
“This will relieve the pressure on the finances of Discos to supply meters. It does not discharge them of the contractual obligation that they have to do so.
“But we know that they are challenged by financing; we think that we can open this business up for new operators to come in.
“At this moment, 108 companies have applied, and they are going through the process of being certified by NERC and so on and so forth. So, the policy is now playing out.”
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