Connect with us
Advertise With Us

NEWS

NERC Rolls Out Meter Regulation

Published

on

The long awaited electricity meter regulation has been released by the Nigerian Electricity Regulatory Agency (NERC).

Presenting it this Saturday before members of the administrative cadre in the Ministry of Power, Works and Housing on the second and last day of their 2018 retreat being chaired by the Hon. Minister, Babatunde Fashola in Kano, the Vice-Chairman of NERC, Engr Sanusi Garba said the regulation has come to plug the huge metering gap and fast-track metering of all electricity customers with a view to putting an end to issues arising from estimated billing.

According to him, the introduction of the regulation now means that private investors apart from the distribution companies (DisCos) willing investors can procure meters in understanding with the concerned DisCos to recoup their monies with time through specified charges incorporated into electricity bills.

He said under the regulation the N39 billion recently approved by the Federal executive council (FEC) will be loaned to certified investors on application.

Advertisement
Comments

MOST READ

NEWS2 mins ago

66,725 Voters To Participate In Plateau By-election – INEC

The Independent National Electoral Commission (INEC) says 66,725 voters will be participating in the by-election into the Pengana Constituency of...

NEWS8 mins ago

NCC Facilitates Spectrum Infrastructure To Boost Broadband Penetration

The Nigerian Communications Commission (NCC) says it is working on ensuring the availability of spectrum to boost broadband deployment and...

NEWS16 mins ago

Call For Herders To Return: Northern Youths Welcome PMB’s Intervention

The Coalition of Northern Groups (CNG) has said that it is encouraged by the sudden response by President Muhammadu Buhari...

FRSC at a road accident scene FRSC at a road accident scene
NEWS17 mins ago

Auto Crash Claims 2, Injures 6 Persons In Anambra

An accident involving two vehicles on Enugu-Onitsha expressway in Anambra on Friday claimed the lives of two persons while six...

XIREA Apparels Ultramodern Garment Manufacturing Facility XIREA Apparels Ultramodern Garment Manufacturing Facility
NEWS38 mins ago

XIREA Apparels To Launch World-Class Ultramodern Garment Manufacturing Facility

…Plans To Employ 50,000 Nigerians by 2030 In a bid to boost the Nigerian economy, XIREA Apparels, a new company...

NEWS7 hours ago

Corruption Cuts Across Sectors – ICPC Chairman

Prof. Bolaji Owasanoye, Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), on Friday said prevalence of corruption in...

CRIME7 hours ago

Court Remands Father Accused Of Sexually Assaulting 3 Daughters

An Ikeja Chief Magistrates’ Court on Friday ordered that a 57-year-old father, Mr Mojeeb Fashola, accused of sexually assaulting his...

Advertisement

MOST POPULAR

%d bloggers like this: