The Managing Director/Chief Executive Officer, Momas Electricity Meters Manufacturing Company Limited (MEMMCOL), Kola Balogun, said the new regulation on metering – Meter Asset Providers (MAPs) would eliminate estimated billing, attract private investment into the metering services sector and close the metering gap through accelerated meter rollout in the power sector.
He said: “The metering regulation initiated by the Nigerian Electricity Regulatory Commission (NERC) was commendable, and it is a step in the right direction. The only language electricity consumers understand currently is metering of their premises, which the electricity distribution companies (DisCos) are not doing.”
“The meter manufacturers have meters, but we cannot sell it directly to the consumers, so there is a big gap. Now that MAPs regulation has come up, it is another scheme that can be explored so that consumers will be metered as at when due.”
“It will allow investors to invest in metering and they will be able to partner with us, the manufacturers, to inject funds into the production of meters. I want to believe that the DisCos will be willing to partner MAPs, which is the most important thing.”