NEWS

Nigerians don’t have to pay for electricity metres -FG

The Nigerian Electricity Regulatory Commission (NERC) says electricity consumers are not required to pay directly for the meters issued to them.

This is contained in a statement issued by NERC on Monday.

“We wish to reiterate that the National Mass Metering Programme (NMMP), designed to provide all consumers of electricity with meters, is a policy intervention of the federal government supported by the Central Bank (CBN) concessionary loans to Electricity Distribution Companies (DisCos).

“This laudable initiative is still very much on course as a total of over 900, 000 units of meters have so far been installed under the takeoff scheme without any payment by benefiting consumers.

“While this doesn’t cover many of the unmetered customers, we are pleased to inform electricity consumers that the next phase, under which about four million units of meters would be procured from local meter manufacturers, has commenced,” it said.

UNILORIN Expels Final Year Student Who Beat Lecturer To Stupor

“Pending the conclusion of the NMMP, procurement processes and the commencement of manufacturing and installation, consumers may elect to acquire a meter from the Meter Asset Programme (MAP).

NERC said that the regulatory framework approved by the commission under MAP-NMMP regulation provides for refund of the cost of meter through energy credits to the customer at the time of vending.

The commission said that the recently issued notice by the commission on the adjusted cost of the meter was designed to protect consumers from arbitrary pricing by MAP.

According to NERC, this is in the context of recent changes in macroeconomic parameters affecting the cost of production.

NERC advised that clarification be made from its Public Affairs Department on any regulatory matter to avoid misinforming innocent consumers.

Share This
admin

Recent Posts

Zenith Fintech Subsidiary, Zenpay Limited, Partners AfCFTA On Innovative Trade Portal

Zenith Fintech Subsidiary OpenLife Nigeria reports that Zenpay Limited has signed an Agreement with the…

39 mins ago

Emir Of Ilorin Spokesman And publisher, Royal News, Mallam Arowona, Bags ICRPC Fellowship Award

Emir Of Ilorin Spokesman   OpenLife Nigeria reports that publisher of Royal News Online newspapers…

15 hours ago

Weeks After Primate Ayodele’s Advice, Nigeria Police Force Launch School Protection Squad

Weeks After OpenLife Nigeria reports that the Nigeria Police Force has announced the launch of…

2 days ago

Clearing Agent Arraigned For Drug Importation

Clearing Agent Arraigned For Drug Importation OpenLife Nigeria reports that National Drug Law Enforcement Agency…

2 days ago

Court Dismisses N6.5billion Debt Recovery Suit Against Ex-Director Of Intercontinental Bank

Court Dismisses OpenLife Nigeria has learnt that a Federal high court,sitting in Lagos has dismissed…

2 days ago

Governor Zulum In The Eye Of The Storm Over Teachers’ Poor Wages In Borno State

Governor Zulum In The Eye Of The Storm OpenLife Nigeria reports that Professor Babagana Zulum,…

2 days ago

This website uses cookies.