Numbers Of Meters Installed By NERC Decreased By 60% In Q2/24

The numbers of meter installation by electricity distribution companies in Nigeria declined by as much as 60.86% in the second quarter of 2024, fresh data by the Nigeria Electricity Regulatory Commission (NERC) has shown.

In its second quarter 2024 report published on its website on Thursday, NERC revealed a significant drop in meter installations.

According to NERC, only 49,188 meters were installed during the period, marking a 60.86% decline from the 125,664 meters installed in the first quarter.

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The report further highlighted that 35,985 of the meters, accounting for 73.16% of the total, were installed under the Meter Asset Providers (MAP) framework.

The report noted that the Nigerian Electricity Regulatory Commission (NERC) expects Electricity Distribution Companies (DisCos) to utilize a mix of the five meter financing frameworks outlined in the 2021 Meter Asset Provider (MAP) and National Mass Metering Programme (NMMP).

The commission emphasized that these frameworks are designed to help DisCos close metering gaps, providing protection for customers against potential exploitation resulting from the absence of meters.