Mohammed Shosanya
The Nigerian Electricity Regulatory Commission (NERC) has said that 49,188 meters were installed in the second quarter of 2024.
Disclosing this in its second quarter 2024 report on Thursday,the commission said the installations represent a drop of 60.86 per cent compared to the 125,664 meters installed in the first quarter.
During the period in view,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,NERC.
It added:“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.
According to the commission,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.