Power firms need N170bn to provide sufficient meters

The sum of N170bn will be needed to provide meters for all electricity consumers in the country, The Senior Manager, Market Analysis & Compliance, Market, Competition & Rates Division, NERC, Mrs. Kanneng Gwom, said this in a presentation made at a workshop on the power sector post privatization agenda in Abuja.

Gwom said that the calculation of the distribution companies showed that N170bn would be required to close the metering gap in the industry.

Six months after NERC gave electricity distribution companies the marching order to provide meters to all consumers within 18 months, 2.8 million customers out of the 5,172,979 in the records still do not have meters. This means that about 54.15 per cent of registered customers that consume electricity in the country do not have meters.