The federal government has declared that electricity consumers who paid for meters under the Meter Asset Provider (MAP) scheme, will have a refund of their money.
The Nigerian Electricity Regulatory Commission (NERC) disclosed this in an email statement, through its Head Public Affairs, Michael Faloseyi, on Wednesday, December 30.
The NERC explained that all power distribution companies (Discos) had keyed into the NMMP initiative, adding
The statement read in part: “Meter deployments are commencing in earnest across all Discos under the first phase of the NMMP.”
The regulator explained further that the first rollout of meters had already started based on meters that were already available at the warehouses of the Discos and meter asset providers.
The commission added: “Given that all prudent costs are borne by customers, the full cost of metering would form part of the tariff once the industry assumes full cost recovery. All customers who made payment for meters under the MAP scheme would be refunded.
“The modality for the refund of the meter’s cost funded by the customers either through upfront payment or amortized payments is being worked out.”