Sam-AmadiThe Nigerian Electricity Regulatory Commission (NERC) has charged new owners of Distribution companies (Discos) to adopt the existing metering scheme or provide a better alternative.

Chairman/CEO of the commission, Dr Sam Amadi said this at the weekend during a meeting with a team from the Bureau of Public Enterprises (BPE) led by its Director General, Mr Benjamin Dikki to establish modalities for a handover of the privatized electricity companies.

In a statement issued by the Assistant General Manager, Media, Maryam Yaya Abubakar, Amadi said, “owners of the new Distribution companies will be required to adopt the existing metering scheme put in place by the commission or provide a better alternative.”

He reiterated the commission’s resolve to prioritise customer metering, without which, he said, the industry cannot stand.

The issues discussed include, application of the Fit and Proper Guidelines, business plans of the core investors, framework for monitoring and enforcement of transaction agreements.

Other issues deliberated on were, the formalization of contracts pertaining to transmission, power purchase agreements, vesting contracts and gas supply agreements.

The DG BPE expressed satisfaction at the level of responsiveness displayed by the commission and commended the good working relationship the agency has with NERC.

A further meeting has been slated for next week to review the fit and proper guidelines as well as to arrive at the mechanism for dealing with liabilities incurred post-handover.

 

Information from Daily Trust was used in this report.

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