NERC gives approval for 22 firms to become Meter Asset Providers
The Nigerian Electricity Regulatory Commission on Wednesday disclosed that it has approved the applications of 22 private firms and consortia that applied to become meter providers in its new meter regulatory framework, the Meter Asset Provider.
It stated in a statement from its Head of Public Affairs, Dr. Usman Arabi, in Abuja that the 22 approved firms have been issued certificates of ‘No Objection’ by it to participate in meter procurement process which is expected to help the 11 electricity distribution companies bridge the wide metering gaps in their networks as well as reduce or end the practice of estimated electricity bills often regarded as ‘crazy bills’ by Nigerians.
According to the commission, the new development followed its approval of the MAP Regulations 2018, and harvest of applications from interested investors. The NERC disclosed that as at December 31, 2017, the metering gap for all distribution licensees was 4,740,275.
It however said members of the public and intending investors should please note that the publication of these applicants does not foreclose other interested applicants from getting the ‘No Objection’ as it is a continuous exercise.