Govt. Approves 22 Companies To Buy, Install Meters
Joshua resides in a face me I face you room in the Ikeja area of Lagos. Every month, his landlord hands a light bill, no less than N40,000, to him and his 5 other neighbours to split. This is despite the fact that he's barely home and hardly uses the light.
Such is the plight of many Nigerians who do not have prepaid meters. They get handed arbitrary bills that cannot be accounted for. Fortunately, this is about to end.
A total of 22 companies have been cleared by the Nigerian Electricity Regulatory Commission to procure and install meters for power consumers across Nigeria.
This is to bridge the over four million metering gap in the power sector.
It was learnt that following the approval of the Meter Asset Provider, MAP Regulations, 2018, applications were invited from interested investors for ‘No Objection’ from NERC.
The MAP regulations are intended to facilitate the closure of the wide metering gap in the Nigerian electricity supply industry within three years.
The ‘No Objection’ is to qualify intending investors to participate in the meter procurement process.
The regulations mandate electricity distribution companies to engage meter assets providers, who will fund the purchase, installation and replacement of meters to meet the Discos’ metering obligations to their customers.
“This is to ensure that all electricity customers are metered, thereby reducing incidences of estimated electricity billing to the barest minimum.
“The commission, having conducted due diligence on the supporting documents to the applications submitted by interested investors, has granted successful applicants ‘No Objection’ to participate in the procurement process for meter assets provision in accordance with Section 8 subsection 4 of the Meter Assets Providers Regulations, 2018,” NERC said in a statement.
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