The Nigerian Electricity Regulatory Commission (NERC) on Monday announced the deregulation of meter prices under the Meter Asset Provider (MAP) Scheme for end-user customers.
According to a circular by the commission, the new prices will take effect from May 1, 2024.
It w will introduce a competitive bidding process, allowing customers to choose from a variety of authorized vendors.
This is a significant shift from the previously regulated pricing structure.
NERC, in the latest order, stated that all prices of meters within the MAP scheme will be determined through competitive bidding.
It is viewed that this development increase transparency and reduce prices, since meter users will choose their preferred meter providers among those authorized under the scheme.
The new order has lifted previous restrictions, and will allow all MAP permit holders to provide services across all Electricity Distribution Companies (DisCos) in the Federal Republic of Nigeria, provided they meet specific requirements. This broader operational scope is anticipated to increase competition among MAPs, potentially leading to better services and innovations in metering solutions.
According to the order, DisCos are directed to ensure that smart meters provided by MAPs are seamlessly integrated into their head-end systems and meter data management systems.
They are also required to provide a publicly accessible online portal displaying their technical specifications and commercial terms for MAP participation. This ensures a standardized approach to meter installation and function across the board.
