The much awaited electricity meter regulation has been released by the Nigerian Electricity Regulatory Agency (NERC).
Presenting it at the weekend before members of the administrative cadre in the Ministry of Power, Works and Housing on the second and last day of their 2018 retreat titled, “Planning For Team Work Delivery”, chaired by the 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), 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) for the purpose will be loaned to certified investors on application as a measure to encourage investment.
According to him, the Central Bank of Nigeria (CBN), World Bank and other development partners have keyed into the regulation, ready to finance meter procurement.
He said with the regulation, “anybody given the meter, going forward will pay Meter Service Charge”, adding that the commission will be setting electricity tariff in 2018.
Some DisCos were said to have keyed into the new arrangement.
Clarifying further, the Minister stressed, “Meter procurement is not the core business of the DisCos. Their major focus is to provide key distribution facilities like transformers, poles, cables, etc. where they are needed, and distribute power.”
According to him, DisCos will now advertise for Meter Access Providers (MAP).
The meter regulation is to come into effect soon after approval by the ministry.
Immediately after the presentation which ended the retreat, the Minister proceeded to inspect the 1.6mw Sabon Gari Market Solar Energy project of the federal government, courtesy of the Rural Electrification Agency (REA) in partnership with the Kano State government where he met some of the off-takers doing their business with power supply from the solar facility located in the centre of the market, who confessed to enjoying better and uninterrupted supply, expressing their gratitude to the government.
He also inspected the housing project under the National Housing Programme in Kano which is at an advanced stage of completion with about 2, 0000 workers.
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