The Nigerian Electricity Regulatory Commission has deregulated the prices of meters deployed under the Meter Asset Provider Scheme, MAP with effect from May 1, 2024.
The Commission says this is to enable customers acquire meters from MAPs of their choice based on competitive open market prices determined from transparent bidding frameworks.
In an Order signed by the Chairman of Nigerian Electricity Regulatory Commission Sanusi Garba, NERC states that the deregulation also follows the request made by the Meter Asset Providers, Local Meter Manufactures and Assemblers for a further review of meter prices in consideration of significant changes in foreign exchange rate and inflation rate which constrained their ability to supply meters at the approved regulated price.
The Commission says it notes the need for the efficient pricing of meters to respond more quickly to changes in macroeconomic parameters, particularly exchange rates.
By this order, all electricity distribution companies are to ensure the effective and seamless integration of smart meters deployed by Meter Asset Providers with the DisCo’s head-end systems and meter data management systems.