30 August 2018, Sweetcrude, Lagos — Electricity market regulator, the Nigerian Electricity Regulatory Commission, NERC, has recommended metering as solution to revenue collection deficiency in the power sector.
In its report for the third quarter 2017 released Tuesday, the commission said a key initiative towards improving revenue collection in the electricity industry, is the provision of meters to all consumers of electricity.
According to the report, the Discos in Q3 2017, collectively billed a total sum of the ₦151.75 billion but only ₦90.30 billion was recovered through collections.
This, NERC said, represents an average of 55% collection efficiency, implying that of every ₦10 worth of electricity sold during the quarter, ₦4.50 remained uncollected from customers.
In this regard, NERC said it has initiated public consultations towards the development of a regulation to address the metering gap in the Nigerian Electricity Supply Industry, NESI, in line with its metering target.