You can get prepaid meters and pay later – NERC

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of latest Ponzi schemes in Nigeria

These are the latest and past Ponzi scams and shady investment products that Nigerians are putting their monies into. What...

Here is the list of Providus Bank Branches in Lagos

A little over two years after it was granted a commercial banking license with regional authorization by the Central...

The Nigerian Electricity Regulatory Commission (NERC) says electricity customers will be allowed to get prepaid meters and pay later.

Speaking at a press conference in Lagos on Thursday, Nathan Shatti, NERC’s commissioner for finance and management services, said customers will start enjoying the privilege from August.

He said customers can either pay upfront or in installments within a period of one to 10 years.

According to NERC, the one-phase prepaid meter will be available for N36, 992 and three-phase for N67,055.

- Advertisement -

Shatti said the commission approved a total of 42-meter service providers in April under the meter asset providers (MAPs) scheme.

The regulator had issued permits to the firms to begin the rollout of new meters by May 1.

“Although the installations did not commence immediately across the country as anticipated, due to the need to finalize some documentations and also mobilize the supply of meters,” he said.

“I am happy to report that the installations of meters have now commenced across various DisCo franchise areas.

- Advertisement -

“Currently, we have asked or encouraged the MAPs to concentrate on the upfront payment for obvious reasons. The payment by installment is scheduled to commence on August 1, 2019.”

Read Also:  Communique of 23rd Monthly Meeting of HM Babatunde Fashola with Operators of Power Sector

Shatti said repayment for the cost of the meter services will be done monthly through metering service charge while vending.

“Discos have the responsibility to make the areas for meter deployment-ready in line with MAP regulation and the planned roll-out,” he said.

“MAPs will then determine the type of meter the customer needs and the customer will decide how long (the period) he/she plans to pay for the metering services.

- Advertisement -

“After confirming the type of meter and period of repayment, the MAP will install meters across the whole area in an organized and systematic manner – no exception, all customers without meters in those areas must be metered by the MAP).”

- Advertisement -
You can get prepaid meters and pay later - NERCYou can get prepaid meters and pay later - NERC

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You can get prepaid meters and pay later - NERCYou can get prepaid meters and pay later - NERC

Latest News

Vingroup to give 2,400 ventilators to Russia, Ukraine and Singapore

HANOI, VIETNAM - Media OutReach - July 11, 2020 - On July 10, 2020, VinGroup fulfilled its obligations to deliver ventilators...

Nippon Paint Reveals the Winners of the Asia Young Designer Awards 2019/20

Functional and sustainable winning entries of the year celebrated virtually with Nippon Paint SINGAPORE - Media OutReach - 11 July 2020 - Following the 13th instalment of...

COVID-19: Every Nigerian must take Responsibility, says Sanwo-Olu

Lagos State Governor, Mr. Babajide Sanwo-Olu on Saturday charged all Nigerians to take responsibility as the nation joins the global community in the fight...

FGN Bond Yields Moderate for Most Maturities Tracked on Sustained Demand Pressure

In the just concluded week, the values of FGN bonds traded at the over-the-counter (OTC) segment appreciated further for most maturities tracked amid demand...

FG Signs N10.8trn Budget amid Threats of Revenue Shortfall…

President Muhammadu Buhari on Friday, July 10, 2020, signed the revised N10.8 trillion 2020 national budget into law. A breakdown of the spending plan...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -You can get prepaid meters and pay later - NERCYou can get prepaid meters and pay later - NERC