The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the Meter Asset Provider (MAP) Scheme for end-user customers.
Announced on Monday 29th April, 2024, the new order will introduce a competitive bidding process, allowing customers to choose from a variety of authorized vendors.
Following this development all prices of meters within the MAP scheme will be determined through competitive bidding.
This move is expected to enhance transparency and reduce prices, as customers will have the freedom to select their preferred meter providers among those authorized under the scheme.
