According to report, the Nigerian Electricity Regulatory Commission (NERC), on Monday revealed the approval of the installation of 4 million free meters under the first part of the National Mass Metering Programme (NMMP).
In a statement, the power sector regulator said during phase zero, over 900,000 free meters were installed for electricity consumers.
NERC had last week approved a review in the cost of single-phase and three-phase meters which took effect on Monday.
The Commission clarified that the prices were the maximum that Meter Asset Providers (MAP) can charge for meters, another metering programme.
To give more free meters to consumers, NERC in the latest statement said, “We are pleased to inform electricity consumers that the next phase under which about four million (4m) units of meters would be procured from local meter manufacturers has commenced.
“We once again state that, under this National Mass Metering Programme, consumers would NOT be required to pay directly for the meters.”
It said pending the procurement and installation process; “consumers may elect to acquire a meter immediately from MAPs.
“The regulatory framework approved by the Commission under the MAP/NMMP Regulations provide for the refund of the cost of the meter through energy credits to the customer at the time of vending.
“The recently issued notice by the Commission on the adjusted cost of maters is designed to protect consumers from arbitrary pricing by only MAP in the context of recent changes in macroeconomic parameters affecting the cost of the production,” it noted.