NERC Approves N28bn for DisCos to Rollout Free Meters

FG approves N28 billion for prepaid meters to tackle Nigeria’s poor metering coverage

The move is aimed at improving Nigeria’s poor metering density, which has long contributed to huge commercial losses, estimated billing controversies, and widening market shortfalls across the power sector.  The post FG approves N28 billion for prepaid meters to tackle Nigeria’s poor metering coverage  appeared first on Nairametrics.

NERC approves N28bn for DisCos to rollout free meters

The Nigerian Electricity Regulatory Commission (NERC) has approved the disbursement of N28 billion to electricity distribution companies (DisCos) for the procurement and installation of meters under the Meter Acquisition Fund (MAF) tranche B scheme.   The fund, which serves as a financial intervention to support the power distribution firms, is designed to accelerate the rollout of prepaid meters to customers at no cost, bridge the metering gap,…