Consumers will get refund for meter payment – NERC

By AdvocateNews on 31/12/2020

Share on facebook Yahoo mail icon Gmail icon

Views: 1,736


Electricity customers who paid for meters under the Meter Asset Provider scheme will be refunded, the Nigerian Electricity Regulatory Commission has said.

NERC said this on Wednesday in an emailed response, through its Head of Public Affairs, Mr Michael Faloseyi, to questions from our correspondent.

Following the recent announcement by the Federal Government that six million meters would be distributed at no cost to consumers under the National Mass Metering Programme, some customers who had already paid for meters had asked if their money would be refunded.

Under the MAP scheme, which kicked off on May 1, 2019, customers have two options for acquiring a meter: upfront payment and payment in instalments through metering service charge on a monthly basis.

But the scheme has suffered setbacks, including changes in fiscal policy and the limited availability of long-term funding, according to the regulator.

NERC told our correspondent that all the distribution companies had keyed into the new initiative, NMMP, adding, “Meter deployments are commencing in earnest across all Discos under the first phase of the NMMP.”

It said the first rollout of meters had already commenced based on meters that were already available at the warehouses of the Discos/meter asset providers.

Asked if the consumers would bear the cost of meters later, the commission said, “Given that all prudent costs are borne by customers, the full cost of metering would form part of the tariff once the industry assumes full cost recovery.

“All customers who made payment for meters under the MAP scheme would be refunded. The modality for the refund of the meter’s cost funded by the customers either through upfront payment or amortised payments is being worked out.”

The MAP Regulations was approved by NERC in March 2018 to fast-track the closure of the metering gap in the sector through the engagement of third-party investors (called meter asset providers) for the financing, procurement, supply, installation and maintenance of meters.

The Federal Government had said in November that it was making funding immediately available for Discos to roll out 1,000,000 meters in the first phase of the NMMP.

Posted 31/12/2020 07:46:19 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Ondo 2020: Akeredolu deserves a second term –...

Why I paid Obasanjo a visit –Bukola Saraki...

Sound Sultan dies at 44

INEC rules out electronic voting in 2019

2019: APC has failed on campaign promises, Nigerians...

Presidential Election: PDP demands Stoppage of Collation of...

Bayelsa PDP stalwart drags party to court over...

Enugu Guber: I won’t be a cog in...

Gunmen storm Niger Market, abduct nine

Why I had sex with my 21-year-old daughter,...

Newly promoted DIGs get portfolios

Gunmen in military uniform kill scores in Narayi,...

 

Latest News Nigeria under Buhari at mercy of bandits, terrorists – UK Parliament Army recruitment: Zulum approves N12.8m support for 641 Borno candidates US lawmakers stop $875m defence equipment sale to Nigeria FG lines up N36bn for COVID-19 third wave, 4,261 cases recorded in 30 days Bandits’ kingpins seek amnesty as military offensive hits forest camps Presidency administers oath of secrecy on Aso Rock staff 7 Naval Officers abducted in Edo Court acquits El-Zakzaky, wife Hushpuppi Pleads guilty to money laundering charge, faces 20 years in Prison Bauchi govt begins census of prostitutes Olympics: Ten Nigerian athletes banned from Tokyo 169 killed, 191 hospitalised as Cholera ravages Kano LGAs

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (138,847 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (132,399 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (132,397 views) Sickle cell support group seeks government intervention (132,396 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (132,395 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (132,395 views) Ebonyi bans embalming of corpses in homes (132,394 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (132,389 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (130,400 views) ASUU strike: Senate intervention ends in deadlock (129,202 views) All you need to know about Peter Obi, PDP VP Candidate (107,447 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (105,485 views)

 

 

SECTIONS NEWS (6,074) FAITH (143) EDITORIAL (17) POLITICS (491) SOCIETY (125) SPORTS (49) BUSINESS (363) HEALTH (53) EDUCATION (47) ENTERTAINMENT (42) INTERNATIONAL (165) TECHNOLOGY (1) COLUMNISTS (57) LETTERS (4) OPINION (35)

 

 


There are no video entries posted yet.