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Govt eyes N200b from electricity metering

Govt eyes N200b from electricity metering

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The Nigeria Electricity Supply Industry (NESI) is eyeing over N200billion investments over the next three years from the implementation of the Meter Asset Provider (MAP) Regulation.

Presenting the regulation at the 25th monthly Ministerial Power Sector Stakeholders meeting in Uyo, Akwa Ibom State, the Nigeria Electricity Regulatory Commission (NERC) Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye, said the regulation would create jobs as it is compulsory to comply with 30 per cent local content in the engagement of manpower.

Akpeneye said: “We all arrived at the same answer that we have to do something different. We can no longer leave this very important obligation to the DisCos alone; other players have to come into this space.

“So, we went about creating the NERC Meter Asset Provider Regulation, 2018. What does this seek to do differently?

“In the past, we left it as a sole responsibility of the DisCos in their performance agreement that they are to meter customers. It’s been over four years since privatisation and customers are still complaining. So, to solve this problem, we are creating a new class in the industry called meter asset providers.

“MAPs will be independent people who will be approved by NERC but contracted by the DisCos to bridge the metering gap. In doing this, there will be various options available to customers.

“Electricity consumers will now have the option of self-financing. Those who don’t want this will be able to obtain meters from MAPs and there will be a metering service charge spread over a period of 10 years.”

The commissioner said the regulation provides for 30 percent local content which will be increased as the regulation progresses.

Commenting on the issue, Babatunde Fashola, minister of power, said the federal government had to settle a 2003 meter contract before it could reach the regulation.

“The next thing to do is to implement the regulation and that will require the cooperation of all stakeholders in the value chain,” Fashola said.

“Government decided to pursue an out-of-court settlement on a meter contract that was awarded since 2003, which was held up in court until 2017.”

The NERC commissioner said issues of availability of metering and estimated billings were recurring where the commission went to.

He said the commission had consultations with different stakeholders, agency and consumers on the regulation, adding that findings were that NERC could not leave the task to the DisCos alone as other investors must come on stream, hence the Meter Asset Provider Regulation.

He said: “Before you today is the NERC Meter Asset Provider 2018.” He said four years after privatisation, customers are still complaining which necessitated the regulation to have independent people approved by NERC and contracted by the DisCos  to bridge the metering gap.

In bridging the gap, he said, customers will now have the option of self-financing, obtains meters from the asset providers to pay the metering service charge for a period of 10 years.

The meter asset providers will also ensure that the meters are maintained 48hours should anything goes wrong with the meters, he added.

The post Govt eyes N200b from electricity metering appeared first on The Nation Nigeria.

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