49,188 Meters Installed in Q2 2024, NERC Reveals

The Nigerian Electricity Regulatory Commission (NERC) says 49,188 meters were installed in the second quarter of 2024.

The commission made this known in its second quarter 2024 report on Thursday.

The commission said the installations represent a decrease of 60.86 per cent compared to the 125,664 meters installed in the first quarter.

It further disclosed that during the review period, 35,985 meters representing 73.16 per cent of the total installations, were installed under the Meter Asset Providers (MAP) framework and that 264 meters representing 0.54 per cent were installed under the National Mass Metering Programme (NMMP) framework.

“The Vendor Financed framework accounted for 12,843 meter representing 26.11 per cent of the installations, while 96 meter installations were recorded under the DisCo Financed framework representing 0.20 per cent of the installations, ‘’ it said.

The report said that it expected the Electricity Distribution Companies (DisCos), to utilise a combination of the five meter financing frameworks that have been provided in the 2021 Meter Asset Provider and National Mass Metering Programme.

It added that the meter framework recommended by the commission was to close their respective metering gaps as a safeguard for customers against exploitation due to the lack of meters.