185,439 meters installed in last quarter of 2024, says NERC
2 min read
By Chris Ochayi
The Nigerian Electricity Regulatory Commission, NERC, has disclosed that a total of 185,439 meters were installed in the fourth quarter of 2024 by Electricity Distribution Companies, DisCos.
The NERC, which made the disclosure in its 2024 Fourth Quarter Report, published on the Commission’s website in Abuja, explained that the figure represents a marginal increase of 0.19 per cent compared to the third quarter of 2024, when 185,087 meters were installed.
The new installations according to the regulatory agency increased the net end-user metering rate across all the DisCos by +0.42pp between 2024/Q3 (46.15%) and 2024/Q4 (46.57%).
It added that, “During the quarter, 179,064 meters (96.56% of the total installations) were installed under the MAP framework, 4,076 meters were installed under the Meter Acquisition Fund (MAF), 1,924 meters were installed under the Vendor Financed framework, and 374 meters were installed under the DisCo Financed framework.
“The metering by the respective DisCos in the quarter under review is presented in Figure E.
“The Commission expects DisCos to utilise a combination of all
available frameworks contained in the 2021 Meter Asset Provider
and National Mass Metering Regulations (NERC – R – 113 –
2021) as well as the MAF to close their respective metering gaps.”
NERC explained further that, “As a safeguard for customers against exploitation due to the lack of meters, it has continued to issue monthly energy
caps for all feeders in each DisCo.
“This sets the maximum amount of energy that may be billed to an unmetered customer for the respective month based on gross energy received by the DisCo and consumption by metered customers on their respective feeders.”
