FG strips DisCos off metering monopoly

FG Strips DisCos Off Metering Monopoly

Federal government said it would ensure effective metering of all electricity consumers in the country, this it said would ensure efficient transactions between the Discos and the consumers. In line with this, the FG has stated that electricity distribution companies do not have the monopoly of metering adding that although the DisCos have the obligation to meter all its consumers, the law does not vest a monopoly of meter supply on them.

Read Also: Fashola Confirms FG’s N39bn Metering Loan To DisCos

‎Babatunde Fasola,the Minister of Power, Works and Housing said one of the major step taken by the federal Government to ensure meter service providers see metering as an investment opportunity.

“The NERC is developing a regulatory framework that will permit meter service providers to provide meters as an investment opportunity.” Fashola said in a Communique issued on Monday at the end of the 18th monthly he held with with operators of the Power Sector.

Fashola in the communique noted that meter provision is not a monopoly of DisCos ,while expressing federal government’s commitments in supporting initiatives and efforts that makes metering access easier for electricity consumers.

‎”Anyone licensed by NERC may provide meters, pursuant to the provisions of the Electric Power Sector Reform Act 2005″ ‎Fashola stated in the communique.

‎Babatunde Fashola,had in a similar meeting lamented that only 6 million Nigerians are metered,indicating that a huge number of people are using electricity illegally.

Read Also: NERC wants Electricity theft fined N200,000 instead of N50,000

He noted that the federal government would lend the needed support to the Discos to ensure they sustain electricity distribution at a maximum level.
‎At the meeting,the operators were fully represented at the highest executive management levels, including: Commissioners of the Nigerian Electricity Regulatory Commission (NERC), Managing Directors and CEOs of Generating Companies (GenCos), Distribution Companies (DisCos), and the Transmission Company of Nigeria (TCN),

Also present at the meeting were: Gas Companies (GasCos) and other government agencies such as the Niger Delta Power Holding Company (NDPHC), the Nigerian Bulk Electricity Trader (NBET), Nigerian Electricity Liability Management Company (NELMCO) and Nigerian Electricity Management Services Agency (NEMSA) responsible for the regulation and development of the electricity industry. Nigerian National Petroleum Company (NNPC) was also represented.

Busayo Oladejo

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