FG approves N21bn for 11 DisCos to meter customers freeTope Sunday

The Nigerian Electricity Regulatory Commission (NERC) has announced the approval of N21 billion for 11 electricity Distribution Companies (DisCos) to provide meters for customers.

According to the Commission, the DisCos shall buy and install the meters for customers under the MAF free of charge.

This was contained in NERC’s order no: NERC/2024/072 on The Operationalisation of “Tranche A” of the Presidential Metering Initiative Under the Framework of Meter Acquisition Fund.

It stated that, “The Commission hereby approves the use of a sum of NGN21, 000,000,000 apportioned pro rata to contribution by the DisCos as Tranche A of the MAF scheme. Attached to this order as schedule one is a breakdown of the funds available for each DisCo for the purchase of end-use customer meters.

“All the meters to be procured and installed under the MAF framework shall be at no cost to the customers of the DisCos.”

The order signed by NERC chairman, Engr. Sanusi Garba, and the commissioner (Legal) on January 19, 2024, shall become effective on June 13, 2024, and may be amended or revoked by subsequent orders issued by the commission.

Recall that NERC introduced the Meter Asset Provider (“MAP”) Regulations 2018 and subsequently, the Meter Asset Provider and National Mass Metering (“MAP&NMMR”) Regulations in 2021 to address metering challenges in the Nigerian Electricity Supply Industry (NESI).

The Meter Acquisition Fund (MAF) the scheme was developed and approved by the Commission, primarily to address the challenge of DisCos creditworthiness inhibiting the deployment of end-use meters in NES by creating a credible revenue stream from the market funds on the back of which long-term financing may be secured by the utilities.

NERC said the management of the Fund Manager (“FM”) is based on terms and conditions negotiated by the DisCos and approved by the Commission.