Ikeja Electricity Distribution Company (IKEDC) tops the list with the approved meter allocation of 106,701 units(10.7%).
The data recently released by the Nigerian Electricity Regulatory Commission (NERC) shows that one million meter units have been earmarked for the initial phase of the implementation of the National Mass Metering Programme (NMMP). Ikeja Disco (IKEDC) tops the list with the approved meter allocation of 106,701 units(10.7%).
The others are IBEDC with 103,997 units (10.4%), AEDC with 101,186 units (10.1%). PHEDC got the least of 77,070 units(7.7%).
The allocation of the meters to the respective Discos was based on 80% of the one million meters for the take-off of the scheme shared equally amongst all the Discos while the 20% was based on the contracted metering gap of each of the Discos.
The total number of meters contracted based on the metering gap at the commencement of MAP regulation was 6,324,971 units.
- IKEDC has the highest number of 1,074,411, representing 17%.
- IBEDC followed with 988,915 units, representing 16%.
- AEDC 900,000, representing 14%.
- PHEDC has the least with 134,324 units, representing 2%.
Out of 1 million units of meters earmarked across all the Discos, 347,665 units are available inventories with the pre-qualified Meter Asset Providers (MAPs) in all the Discos, while 652,335 units are to be sourced locally from the same MAPs.
- IBEDC has the highest available stock of 96,248 units (27.7%).
- PHEDC followed with 50,100 units (14.4%).
- AEDC 40,438 units (11.6%).
- The least inventory comes from JEDC with 4,283 units (1.2%).
What you should know
- The Central Bank of Nigeria (CBN) recently released its framework for the financing of the National Mass Metering Programme (NMMP), as well as the local meter manufacturers to close the estimated 10 million metering gap.
- The key objectives of the NMMP include increasing Nigeria’s metering rate, elimination of arbitrary estimated billing, strengthening the local meter value chain by increasing local meter manufacturing, assembly, and deployment capacity.
- The programme is well intended to support Nigeria’s economic recovery efforts by creating more jobs in the local meter value-chain and reducing collection losses, as well as, increasing financial flows to achieve 100% market remittance obligations of the Discos.
- The Federal Government’s National Mass Metering Programme (NMMP) obligates all the electricity distribution companies (Discos) to fully meter all their customers
- Customers who had earlier paid for meters under the MAP Regulations shall be refunded through energy credits over a period not exceeding five years
- The payment for meters by customers through upfront payments or monthly Meter Service Charge as provided in the subsisting MAP regulation shall cease.
