Ikeja Electricity Distribution Company has commenced the rollout of over 106,000 prepaid meters to customers across different locations in its network.
According to the statement issued by the company on Friday, the rollout was under the National Mass Metering Programme approved by the Federal Government., which took effect immediately.
Ikeja Electric stated that the metering initiative was designed to ensure a seamless metering process that allowed customers register and be metered on the same day after following due process.
Beneficiaries of the programme would not be required to pay upfront for the installation of the meters. Rather, the modalities of cost recovery for the meters would be clearly defined and communicated to all beneficiaries.
The company noted that the programme was part of the Federal Government’s effort to further bridge the country’s metering gap and cushion the effect of Services Reflective Tariff on electricity consumers in Nigeria.
This initiative is expected to assist in reducing collection losses, while increasing financial flows to achieve 100 per cent market remittance obligation of the DisCos.
It stated that the initiative was also expected to assist in reducing collection losses, while increasing financial flows to achieve 100 per cent market remittance obligation of the DisCos.
The statement said, Ikeja Electric is committed to driving the roll out through a series of one-day metering initiative across different locations in its network and the first phase of the programme will run till the end of the year across its six business units of Ikeja, Abule-Egba, Akowonjo, Oshodi, Ikorodu and Shomolu.
Elimination of arbitrary estimated billing, improving network monitoring capability and provision of data for market administration and investment decision-making are the other objective listed by the company.