The Federal Competition and Consumer Protection Commission (FCCPC) is stepping in to address growing concerns surrounding the planned phaseout of Unistar prepaid meters by Ikeja Electric Plc and other electricity distribution companies (DisCos).
This, according to a Tuesday statement by the commission’s Director, Special Duties, Ondaje Ijagwu, follows widespread complaints from consumers regarding the looming deadline.
Ikeja Electric recently announced that Unistar prepaid meters, introduced over a decade ago, would cease functioning after 14 November, due to technological upgrades and the Token Identifier (TID) rollover issue.
The FCCPC said it observed that the impending transition has raised anxieties among consumers, particularly over the financial implications of replacing the outdated meters.
A key concern remains whether the cost of new meters will be borne by consumers.
Further exacerbating these worries is the fear that consumers may be placed on arbitrary…