TRIBUNE
The Nigerian Electricity Regulatory Commission (NERC) approved N21 billion for electricity distribution companies (DisCos) on Friday to procure meters for customers.
This funding, sourced from the Meter Acquisition Fund (MAF), aims to address the significant metering gap in the Nigerian Electricity Supply Industry (NESI).
According to NERC data, only 44.67% of the 13.4 million registered customers had electricity meters as of April 2024. The MAF, part of the Multi-Year Tariff Order, determines the tariffs customers pay.
NERC’s Chairman, Engr. Sanusi Garba, and Commissioner for Legal, Dale Akpeneye, attributed the low metering rate to DisCos’ inability to secure financing from lenders.
They stated, “The deployment of funds under the MAF scheme shall accelerate the deployment of meters and close the current metering gap, thereby reducing commercial and collection losses for DisCos, enhancing service quality, and improving customer satisfaction.”
They emphasized the necessity to speed up metering for customers in tariff Band A for revenue protection and effective demand-side management.
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