The Nigerian Electricity Regulatory Commission (NERC) on Monday officially deregulated the market for Meter Asset Providers (MAP), stressing that it will henceforth be subjected to competitive market forces.
NERC has mandated competitive bidding for meter prices starting May 1, providing customers with options from authorised vendors.
In an instrument marked NERC/2024/O40 cited as the “Order on Deregulation of Meter Prices for Meters Deployed Under the Meter Asset Provider Scheme”, the regulatory agency stated that single phase had earlier been raised from N58,661 .69 to N81,975.16, while the three-phase devices were hiked from N109,684.36 to N143,836.10.
The Order was signed by the NERC Chairman, Sanusi Garba and the Commissioner in charge of Legal, Licensing and Compliance, Dafe Akpeneye.
NERC added that any Disco that intends to procure meters from sources other than the MAP and National Mass Metering Programme (NMMP) framework, the licensee shall obtain the commission’s approval.
