Third-party meter investments require 40% local content – NERC

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A new draft regulation on third-party investments in meter infrastructure within the 11 electricity distribution networks in Nigeria by the Nigerian Electricity Regulatory Commission (NERC) stipulates that every investment to be made in the meter subsector must accommodate up to 40 per cent of local content contribution in the investment, THISDAY reports.

The regulation also said successful Meter Assets Providers (MAP) in any of the distribution networks would be given operational licenses that would last for 15 years by the regulator. NERC released the draft regulation recently in Abuja. It explained amongst other provisions in it that its main objective was to provide standard rules in the creation of a third-party meter industry that could encourage the development of independent and competitive meter services in the power sector and eliminate estimated billing practices by the Discos.

It noted that while the Discos are still responsible for meeting their metering targets as stipulated by the NERC, from time to time, they would however be allowed to procure the services of MAPs in accordance with the regulations to enable them meet metering targets. The regulation also states that the minimum technology and back-office requirements expected of the MAPs  must be sufficient enough with relevant technological resources that are capable of maintaining and retrieving records of financial, inventory, and customer data.