23.2 C
Lagos
Wednesday, July 24, 2024

NERC de-regulates meter prices under MAP

Must read

The Nigerian Electricity Regulatory Commission, NERC, has announced deregulation of meter prices under the Meter Asset Provider, MAP, Scheme for end-user customers.

This is according to a statement by the commission in Abuja on Monday signed by Mr Garba Sanusi, the Chairman of NERC and Dafe Akpeneye, the Commissioner Legal, Licensing and Compliance, NERC.

The statement said: ”Effective from May 1, the new order will introduce a competitive bidding process, allowing customers to choose from a variety of authorised vendors.

”This is to ensure a standardised approach to meter installation and function across board,” it said.

According to the order, thorough testing and confirmation process for new meters have been outlined.

”With DisCos required to complete these evaluations within 20 working days from when a MAP meets all specified requirements.

”Meters that fail the confirmation test must be promptly reported to the MAP with details on the failure points,” it said.

The commission said that the deregulation also introduced flexibility in the types of meters available under the MAP scheme.

”DisCos can now offer basic electronic meters, Internet of Things (IoT) meters, DIN rail meters, and current limiters, depending on the customer’s energy consumption profile.

”While deregulating meter prices, NERC will oversee the submission of price offers from MAPs to ensure fair competition.

”This includes a requirement for MAPs to hold a minimum stock of 2,000 units of meters as an eligibility criterion for participation in the bidding process.

The commission said that end-use customers now have the sole right to choose their preferred MAP and meter types, which align with their specific energy needs.

It said that additionally, stringent measures have been placed to ensure timely installation of meters with penalties for MAPs that fail to meet installation deadlines.

● By NAN

- Advertisement -spot_img

More articles

Related articles