Tuesday, December 7

Price hike won’t affect 4million free meters under NMMP — FG

The Federal Government has announced that the recent increase in the cost of prepaid electricity meters will not affect the four million meters being provided under the National Mass Metering Programme NMMP.

This was announced on Monday night following the widespread outrage that greeted the increase in the cost of both single-phase and three-phase meters which was made public on Friday by the Nigerian Electricity Regulatory Commission NERC.

The commission had raised the price of a single-phase meter from N44,896.17 to N58,661.69 and increased the price of a three-phase meter from N82,855.19 to N109,684.36.

The regulator in a public notice on Monday night announced that the four million meters to be provided under the NMMP would be given free.

It said, “The NMMP designed to provide all consumers of electricity with meters is a policy intervention of the Federal Government supported by CBN concessionary loans to distribution companies.

“This laudable initiative is still very much on course. A total of over 900,000 units of meters have so far been installed under the take-off phase of the scheme without any payment by benefitting consumers.

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“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.

The statement clarified that consumers would not be paying for the meters directly under the NMMP.

“We once again state that, under this National Mass Metering Programme, consumers would not be required to pay directly for the meters.”

The commission also noted that pending the conclusion of the NMMP procurement processes and the commencement of manufacturing/installation, consumers might elect to acquire a meter immediately from Meter Asset Providers.

Adding that the regulatory framework approved by the commission under the MAP/NMMP Regulations provided for the refund of the cost of the meter through energy credits to the customer at the time of vending.

It however noted that the recently issued notice by the commission on the adjusted cost of meters was designed to protect consumers from arbitrary pricing by any MAP in the context of recent changes in macroeconomic parameters affecting the cost of production.

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