The Nigerian Electricity Regulatory Commission (NERC) has said that 115 firms are seeking to close the metering gap of over 4.7 million customers.
This was revealed by the NERC in a document which said that the 115 firms had been granted ‘No Objection’ as of November 22, 2018 from 101 on October 17.
According to the commission, out of the 8,292,840 registered electricity customers, only 3,591,168(about 43 per cent) had been metered as at August 2018.
In April, after the introduction of the Meter Asset Provider (MAP) 2018, the regulator invited interested investors to apply for ‘No Objection.”
This is to make them participate in the meter procurement process to be carried out by electricity distribution companies.
And in May, the NERC gave approval to 22 firms as prospective meter asset providers after the introduction of the MAP Regulations.