Electricity consumers not mandated to pay for prepaid meters under NMMP, says NERC

0
423
NERC approves increase in electricity meter prices
NERC approves increase in electricity meter prices

The Nigerian Electricity Regulatory Commission (NERC) says consumers are not mandated to pay for the prepaid meters under the National Mass Metering Programme (NMMP).

The commission said this in a statement issued in Abuja yesterday.

Last week, the commission increased the prices of both single-phase and three-phase prepaid electricity meters.

It had said the upward review of meter prices is due to “the recent changes in macro-economic parameters.”

“We wish to reiterate that the NMMP designed to provide all consumers of electricity with meters is a policy intervention of the Federal Government supported by the Central Bank (CBN) concessionary loans to Electricity Distribution Companies (DisCoS),” the statement reads.

“This laudable initiative is still very much on course as a total of over 900, 000 units of meters have so far been installed under the takeoff scheme without any payment by benefiting consumers.

“While this doesn’t cover many of the unmetered customers, we are pleased to inform electricity consumers that the next phase under which about four million units of meters would be procured from local meter manufacturers has commenced.

“Pending the conclusion of the NMMP, procurement processes and the commencement of manufacturing and installation, consumers may elect to acquire a meter from the Meter Asset Programme (MAP).”



READ ALSO! Nigerian Central Bank Approves Disbursement Of Loans For Creative Industries At 9%

READ ALSO! Tony Elumelu To Empower 1,000 Northern Entrepreneurs With $5000 Each

READ ALSO! How To Empower Yourself And Generate Income From Mutual Funds

READ ALSO! Is N-Power Truly Empowering Nigerian Youths?

READ ALSO! How Nigerian Govt Can Lift 100million People Out Of Poverty — Tony Elumelu

READ ALSO! TraderMoni: Poverty Alleviation Or Political Leverage?

READ ALSO! Is N-Power Truly Empowering Nigerian Youths?

READ ALSO! Gtbank 737 Disservice: How to Kick Your Customers in the Butt!

READ ALSO! Why The North Remains Headquarters Of Poverty In Nigeria — Kingsley Moghalu

READ ALSO! The Love Of Your Life Is An Illusion: It Doesn’t Exist Anywhere!