NERC orders DisCos to publish details of metre refund on website

• NERC has mandated that each energy organisation companies disclose the user refunds they person provided
• The regulator mandated that the reimbursement details beryllium made disposable connected institution websites successful bid to promote transparency
• The MAP model provides for the proviso and attraction of end-use meters arsenic a work by third-party investors

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The Nigerian Electricity Regulatory Commission has ordered each powerfulness organisation firms to marque nationalist the refunds they person fixed to consumers who bought meters done the Meter Asset Providers program.

Consumer advocacy organizations person expressed their displeasure with the discos' uneven refunding of those who bargain meters via the MAP program. Photo Credit: Anton Petrus
Source: Getty Images

NERC made this announcement connected its societal media accounts. The committee convened the inaugural gathering of the Nigerian Electricity Supply Industry Stakeholders successful 2025.

According to the MAP framework, third-party investors can supply and support end-use meters arsenic a service, and customers who usage these meters wage metering work fees.

NERC regularisation states that “where a lawsuit elects to marque upfront payments for meters nether these regulations, the outgo of the metre shall beryllium refunded done energy credits by the organisation licensee. The reimbursement docket shall beryllium arsenic approved by the commission, having respect to an valuation of the fiscal lasting of the organisation licensee.”

Consumers not satisfied

Consumer advocacy groups person voiced their dissatisfaction with the discos' inconsistent refunding of customers who purchased meters through the MAP program.

In bid to beforehand openness and promote consumers to enactment successful the program, the regulator ordered that the refund details beryllium posted connected their websites.

“NERC has directed Discos to people details of MAP refunds connected their websites for transparency. This volition show committedness and consistency to the strategy and promote customers,“ the committee stated.

The Federal Government says it is moving to adjacent the metering gap, which includes much than 7 cardinal unmetered users.

Olu Verheijen, President Bola Tinubu's Special Advisor connected Energy, has said that the authorities intends to metre each consumers successful bid to little manufacture losses.

“The authorities is intervening successful the abbreviated word by making definite that the registered customers wrong the Disco person meters due to the fact that nary substance what your tariff is, you request to marque definite that you tin cod and trim your postulation losses. And so, that’s 1 of the interventions. You’ve heard astir the Presidential Metering Initiative, which looks to consolidate each the antithetic metering initiatives that are funded by antithetic entities.“And so, we person the quality to cognize what your depletion is, what you tin spend to pay, and marque definite that we’re collecting the revenues from that and improving currency travel that way. It’s the archetypal attack to making definite that DisCos person the fiscal capableness oregon currency flows that are required to thrust investments successful reliability and greenish access,” she stated.

The authorities intends to metre each consumers successful bid to little manufacture losses. Photo Credit: Contributor
Source: Getty Images

The committee revealed that successful bid to sermon the presumption of the Nigerian energy proviso industry, it hosted its archetypal NESI Stakeholders gathering of 2025 astatine its offices.

The tariff methodology and the effects of the authorities transition, NESI liquidity, the market's fiscal assessment, and the displacement to a multi-tier energy marketplace successful narration to the authorities vigor regulatory commissions were among the subjects covered.

“The quarterly gathering brings unneurotic vigor stakeholders to sermon the authorities of the NESI and code captious issues successful the sector,” the committee said.

NERC asks DisCos to warrant requests for higher rates

Legit.ng reported that arsenic Nigerian energy organisation companies (DisCos) proceed to clamour for an summation successful energy tariffs, the Nigerian Electricity Regulatory Commission (NERC) has directed them to taxable fiscal plans to warrant their requests.

This includes concern plans showing what they privation to bash with the further income expected from a tariff increase.

The directive was contained successful an bid from the NERC Chairman, Sanusi Garba.

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Source: Legit.ng