NERC Introduces Payment Plan for Electricity Meters
Relief has come the way of some electricity customers in Nigeria as the Nigerian Electricity Regulatory Commission (NERC) has approved a payment plan for electricity customers who so desire to get prepaid meters and pay later.
The cheering news was disclosed by Mr Nathan Shatti, NERC’s commissioner for finance and management services at a press conference in Lagos recently. According to him, electricity customers will start enjoying the privilege from August.
“Currently, we have asked or encouraged the MAPs to concentrate on the upfront payment for obvious reasons. The payment by instalment is scheduled to commence on August 1, 2019.” He said customers can either pay upfront or in instalments within a period of one to 10 years and the repayment for the cost of the meter will be done monthly through metering service charge while vending.
According to NERC reports, one-phase prepaid meter will be available for N36, 992 and three-phase for N67,055.
Shatti said the commission approved a total of 42 companies to perform as meter service providers in April under the meter asset providers (MAPs) scheme and the firms began the rollout of new meters on May 1, 2019.