NAIRAMETRICS
The Nigeria Electricity Regulatory Commission (NERC) states that meter installation by electricity distribution companies declined by as much as 60.86% in the second quarter of 2024.
In its second quarter 2024 report published on its website on Thursday, the Nigerian Electricity Regulatory Commission (NERC) revealed a significant drop in meter installations.
According to NERC, only 49,188 meters were installed during the period, marking a 60.86% decline from the 125,664 meters installed in the first quarter.
The report further highlighted that 35,985 of the meters, accounting for 73.16% of the total, were installed under the Meter Asset Providers (MAP) framework.
The report noted that the Nigerian Electricity Regulatory Commission (NERC) expects Electricity Distribution Companies (DisCos) to utilize a mix of the five meter financing frameworks outlined in the 2021 Meter Asset Provider (MAP) and National Mass Metering Programme (NMMP).
