Fahola Says DisCos To Lose Metering Monopoly

Fahola Says DisCos To Lose Metering Monopoly

Minister of Power, Works and Housing Babatunde Fashola yesterday said there was nothing in the Electricity Power Sector Reform Act that gave electricity distribution companies (DisCos) the exclusivity of metering, The Nation reports.

He said the Federal Government had commenced the disbursement of the N701 billion electricity intervention fund to beneficiaries, adding that the Federal Executive Council (FEC) approved the release of N31billion to DisCos for metering.

The minister spoke at the 18th Monthly Power Sector and Stakeholder meeting in Kumboso, Kano State. ”Anyone licensed by NERC may provide meters, pursuant to the provisions of the Electric Power Sector Reform Act 2005″‎ Fashola stated.

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