‘Due to FX fluctuations’ — NERC deregulates meter prices
The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the meter asset provider (MAP) scheme for end-user customers.
This is contained in a circular issued by the commission on Monday.
In September 2023, NERC approved an increase in the prices of single-phase electricity meters to N81,975.16 and three-phase meters was increased to N143,836.10.
According to the circular, from May 1, all prices of meters under the MAP scheme will be determined through a competitive bidding process with customers provided with a choice of authorised vendors.
According to the commission, the review is based on the need for the efficient pricing of meters “to respond more quickly to changes in macroeconomic parameters, particularly exchange rates”.
“The cost of prices of meters deployed under the MAP scheme is thereby to enable end-use customers acquire meters from MAPS of their choice based on competitive open market prices determined from transparent bidding frameworks,” NERC said.
“All MAP permits holders are henceforth eligible to provide services and transact for the provision of meters and metering services with any Disco in the Federal Republic of Nigeria with their existing permit.
“The lifting of the restriction on permitting to operate in all DisCos is subject to the mandatory requirement for MAPS to comply with the associated DisCo specific requirements/specifications.”
NERC said all electricity distribution companies (DisCos) would ensure the effective and seamless integration of smart meters deployed by MAPS with DisCo’s head-end systems and metre data management systems.
[TheCable]
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