DisCos get N30bn as NERC disburse third tranch of meter acquisition fund

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Read History Go to My Account Log Out Enhanced by Google Energy DisCos get N30bn as NERC disburse third tranch of meter acquisition fund The Nigerian Electricity Regulatory Commission (NERC) has announced the approval of N30 billion as the third tranche of the Meter

Listen to this article Share The Nigerian Electricity Regulatory Commission (NERC) has announced the approval of N30 billion as the third tranche of the Meter Acquisition Fund (MAF), to be allocated among the eleven Distribution Companies (DisCos) in proportion to their respective contributions to the Fund.

The fund, according to the commission, is intended to meter all remaining unmetered Band A customers and accelerate the metering of Band B customers, with equitable distribution across states within the respective DisCo franchise areas.

This is contained in Order No. NERC/2026/121 on the Operationalisation of Tranche C of the Meter Acquisition Fund (MAF), issued by NERC. The Order establishes a transparent framework for implementing the third tranche of the Presidential Metering Initiative, aimed at accelerating the closure of Nigeria’s metering gap.

Under the Order, DisCos are required to undertake transparent procurement processes involving eligible Local Meter Manufacturers and Assemblers (LMMAs) and Meter Asset Providers (MAPs) with verified meter stock.

“The Commission has prescribed maximum procurement prices based on the median national MAP online bid prices from the September 2026 bid cycle.

“Payment to selected providers shall be made in two stages: 70 percent upon verified delivery of meter stock and the remaining 30 per cent upon confirmation of complete installation, the order stated.

The Commission reiterates that all meters supplied and installed under the MAF programme shall be provided FREE OF CHARGE to customers. It emphasised that every meter must prominently display the relevant DisCo’s name, the applicable MAF tranche and the inscription ‘NOT FOR SALE’.

Where a DisCo initiates the relocation of an existing customer’s connection point for revenue protection purposes, the cost shall be borne by the DisCo. The Order also provides sanctions where DisCo defaults impede meter installation.

To ensure accountability and transparency, the Order prescribes monitoring, reporting and evaluation requirements for the Fund Manager, DisCos and participating meter providers.

“All supply and installation contracts must be filed with the Commission. All meter installations under Tranche C must be completed on or before 31 May 2027.

“The Commission urges all stakeholders to comply strictly with the provisions of the Order, which reinforces its commitment to closing the national metering gap, improving revenue assurance, enhancing service delivery and protecting electricity consumers,” the order read.