About 7.
4 million electricity consumers are presently without meters in the Nigerian Electricity Market at the backdrop of a five per cent rise in the rate of meter installations to 179,792 in the first quarter of 2024, compared to 171,107 installed over the similar period last year, data from the Nigerian Electricity Regulatory Commission, NERC, has shown.
Amongst the electricity distribution companies, DisCos, the Commission’s data showed that Ikeja Electric has provided meters for 73 per cent of its customers with Abuja DisCo and Eko DisCo , making the top three companies with the highest rate of metering.The Minister of Power, Adebayo Adelabu has admitted that the huge meter gap was a major problem in the industry which the Federal Government was determined to bridge.
The Federal Government had late last year taken concrete steps to bridge the metering gap by opening bids from 47 companies for the supply of 1.25 million electricity smart meters funded by World Bank’s $155 million loan.
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