{"id":69989,"date":"2024-04-30T20:34:45","date_gmt":"2024-04-30T20:34:45","guid":{"rendered":"https:\/\/everyday.ng\/?p=69989"},"modified":"2024-04-30T20:34:45","modified_gmt":"2024-04-30T20:34:45","slug":"nerc-de-regulates-meter-prices-under-map","status":"publish","type":"post","link":"https:\/\/everyday.ng\/?p=69989","title":{"rendered":"NERC de-regulates meter prices under MAP"},"content":{"rendered":"<p><span style=\"font-size: 20px;\">The Nigerian Electricity Regulatory Commission, NERC, has announced deregulation of meter prices under the Meter Asset Provider, MAP, Scheme for end-user customers.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">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.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">The statement said: \u201dEffective from May 1, the new order will introduce a competitive bidding process, allowing customers to choose from a variety of authorised vendors.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201dThis is to ensure a standardised approach to meter installation and function across board,\u201d it said.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">According to the order, thorough testing and confirmation process for new meters have been outlined.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201dWith DisCos required to complete these evaluations within 20 working days from when a MAP meets all specified requirements.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201dMeters that fail the confirmation test must be promptly reported to the MAP with details on the failure points,\u201d it said.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">The commission said that the deregulation also introduced flexibility in the types of meters available under the MAP scheme.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201dDisCos can now offer basic electronic meters, Internet of Things (IoT) meters, DIN rail meters, and current limiters, depending on the customer\u2019s energy consumption profile.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201dWhile deregulating meter prices, NERC will oversee the submission of price offers from MAPs to ensure fair competition.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201dThis 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.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">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.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">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.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u25cf By NAN<\/span><!--\/data\/user\/0\/com.samsung.android.app.notes\/files\/clipdata\/clipdata_bodytext_240430_213144_184.sdocx--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":56585,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,7],"tags":[6628,6629,677],"class_list":["post-69989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","tag-map","tag-meters","tag-nerc"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/69989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69989"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/69989\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}