The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of prices for meters under the Meter Asset Provider (MAP) Scheme, effective from May 1, 2024. This decision comes in response to requests for further price reviews due to changes in foreign exchange rates and inflation.
NERC noted that the capacity of meter providers to supply meters at the authorized, regulated cost had been limited due to fluctuations in these macroeconomic indicators. As a result, the commission approved the deregulation of meter prices deployed under the MAP scheme to enable customers to acquire meters from MAPs of their choice based on competitive open market prices determined through transparent bidding frameworks.
All MAP permit holders are now eligible to provide services and transact for the provision of meters and metering services with any Disco in Nigeria, subject to compliance with associated Disco-specific requirements and specifications. NERC also directed all Discos to ensure the effective integration of smart meters deployed by MAPs with their head-end systems and meter data management systems.
