NERC To Develop Regulatory Framework For Investors In Metering

NERC To Develop Regulatory Framework For Investors In Metering

Following the resolve to democratise metering provision, the Nigerian Electricity Regulatory Commission (NERC) is developing a regulatory framework to guide would-be investors in metering services, Nigerian Tribune reports.

The regulatory framework is to govern the operation of metering service providers apart from the electricity distribution companies (DisCos). The Minister of Power, Works and Housing, Babatunde Fashola at the end of the 18th monthly power sector meeting in Kano said on Monday; “Although Discos have the responsibility to provide meters to their clients because they collect money, the law did not provide a meter business monopoly for DisCos.”

“So, anybody who qualifies will apply for a licence to be a meter service provider in a DisCo to take some of the power from the DisCo under its franchise.” However, he stated that this does not relieve the DisCos off their obligations to provide meters to electricity consumers but to ensure the mass metering plan through the use of individual investors.

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