Business Hilights

Tracking Nigeria's Headline Business News Online

Prepaid Meters
Energy

MAPs mandated to mount prepaid meters to consumers in 10 days of payment

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

In demonstration of its seriousness in metering Nigerians seamlessly, the Nigerian Electricity Regulatory Commission (NERC), has mandated the Meter Asset Providers (MAPs) to deliver and install meters within 10 working days of payment on the premises of electricity customers who choose the option of paying for the meters at a go.

Relying on the provisions of the MAP Regulation 2018, NERC said the new idea is intended to bridge the metering gap in the nation’s electricity supply industry.

Already the regulator said enforcement of the provisions of the regulation would take off from April 3, 2018.

The Commission noted that “Where a customer elects to pay for a meter asset upfront under this regulation, such a customer shall not be liable for the payment of metering service charge through the distribution licensee.”

However, NERC explained that “The amount payable to a MAP by a customer electing to pay upfront would be the efficient cost of the meter asset and its installation cost as determined by the procurement process for the MAP, conducted by the distribution licensee”.

“The MAP shall install the meter on the premises of the customer within 10 working days of the receipt of full payment by the customer. The authorisation by the distribution licensee to pay for the meter shall only be issued after certifying the readiness of the premises for a safe and secure installation of the meter asset.”

The Commission added that the distribution licensee and MAP shall enter into a metering service agreement, which shall provide for the number of meters to be installed by the MAP in the distribution licensee’s network over an agreed period and the recovery of the cost of meter asset plus a reasonable return over a period of 10 years, among others.

“Upon the installation of a meter by a MAP, the customer has an obligation to pay for metering service charge through the distribution licensee at the time of payment for energy unless financed upfront in full by the customer,” NERC averred.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.