- Post by Admin on sunday, March 05, 2015
The Federal Government has directed the Nigerian Electricity Regulatory Commission to reinstate the regulation that allows power consumers to purchase meters from approved vendors. NERC had in September last year directed the 11 electricity distribution companies operating in the country to formally wind down the alternative meter financing scheme on or before November 1, 2016.
The scheme was initiated by NERC in 2013. The commission had stated that the Credited Advance Payment for Metering Implementation, which allowed electricity consumers to self-finance meter acquisition and installation given that Discos were unable to promptly deploy meters to them, would cease to exist from November 1, 2016.
But on Thursday, the Federal Ministry of Power, Works and Housing, stated that both the federal and state governments recently resolved that NERC should reinstate the regulation that permits power consumers to purchase meters, especially where the Discos could not provide the facility.
Photo Caption: Minister of Power, Housing & Works Babatunde Fashola