NERC approves N30bn to meter Band A, B customers
AI Executive Briefing
Gemini Flash AI~45s readThe Nigerian Electricity Regulatory Commission has approved N30 billion under the Meter Acquisition Fund to accelerate the metering of Band A and Band B electricity customers. This initiative, part of the Presidential Metering Initiative, aims to eliminate estimated billing and improve accountability within the power sector.
Context & Background
- ✦The Nigerian electricity market faces a persistent metering gap, leading to frequent disputes between consumers and distribution companies over estimated billing.
- ✦The policy mandates that DisCos conduct transparent procurement with local manufacturers and Meter Asset Providers to ensure efficient distribution of meters.
Key Figures & Named Entities
NERC (Nigerian Electricity Regulatory Commission):The regulator responsible for issuing Order No. NERC/2026/121.N30 billion:The total funding approved for Tranche C of the Meter Acquisition Fund.
Outlook & Next Steps
Distribution companies are required to complete all installations by May 31, 2027, while adhering to strict monitoring, reporting, and evaluation requirements set by the NERC.
Key Takeaways
AI Summary- The Nigerian Electricity Regulatory Commission (NERC) has approved N30 billion for Tranche C of the Meter Acquisition Fund to meter Band A and Band B customers.
- Electricity distribution companies (DisCos) are strictly prohibited from charging customers for these meters, which must be labeled 'NOT FOR SALE'.
- A two-stage payment structure has been implemented, with 70% paid upon stock verification and 30% after confirmed installation to ensure accountability.
Key Facts:November 2, 2026: The operationalisation of Tranche C of the Meter Acquisition Fund became effective.May 31, 2027: The deadline for electricity distribution companies to complete all meter installations under this programme.
Editorial Excerpt
The Nigerian Electricity Regulatory Commission has approved N30 billion for the third phase of the Meter Acquisition Fund to accelerate the installation of electricity meters for unmetered Band A customers and expand coverage among Band B consumers.
Frequently Asked Questions About This Story
Are customers required to pay for the meters provided under this initiative?
No, the NERC has reiterated that all meters supplied and installed under the fund must be provided free of charge to electricity consumers.
What happens if a distribution company needs to relocate a customer's connection point?
If a DisCo initiates the relocation of a connection point for revenue protection, the DisCo must bear the associated cost rather than transferring it to the customer.
