Our reporter/ The Nigerian Electricity Regulatory Commission (NERC) has approved N21 billion for the eleven electricity Distribution Companies (DisCos) to provide meters for end-use customers at zero cost.
This information was contained in ORDER NO: NERC/2024/072 on The Operationalization of “Tranche A” of the Presidential Metering Initiative Under the Framework of Meter Acquisition Fund made available to the public on Friday.
NERC stated emphatically that the DisCos shall purchase and install the meters for customers under the MAF free of charge.
“The funds accrued as of the April 2024 market settlement cycle and available for procurement of meters under the first tranche of the MAF scheme is in the sum of NGN21,864,851,725.00.
“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 1 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,” said NERC.
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