As consumers grapple with high electricity bills across the states, the Nigerian Electricity Regulatory Commission (NERC) has introduced a new policy that may require that they add more to these bills, The Sun reports.
The Meter Asset Provider Regulations 2018 which came into effect on March 8, 2018, and will be enforced by the Commission from April 3, 2018, is aimed at providing standard rules to “encourage the development of independent and competitive meter services.”
According to NERC’s Commissioner, Legal, Licensing, and Compliance, Dafe Akpeneye, prepaid meters will soon flood the market with the licensing of 87-meter asset providers (MAPs). But those who will get the new meters under the new regulation will have to pay more.
The regulation indicates that those who benefit under the new system will pay a monthly metering service charge separate from the energy charge. The metering service charge will be based on the outcome of the procurement process for the MAP and subject to the approval of the Commission.
Source: Energy Mix Report