Ibadan Electricity Distribution Company, IBEDC, yesterday said it would provide meters for over 300,000 customers in 2016.
This was disclosed by Managing Director of IBEDC, Mr. John Donnachie, at a business session. He appealed to customers to take advantage of the Credited Advanced Payment for Metering Implementation, CAPMI scheme introduced by Nigerian Electricity Regulatory Commission, NERC, as an intervention to bridge the huge metering gap across the country.
He said CAPMI allows customers to get refund on their meter payments via electricity unit rebates over a period of 36 months with 12 per cent interest, while ensuring they only pay for what they use.
He added that IBEDC was committed to serving its esteemed customers, saying that it has embarked on a robust meter roll-out scheme to cater for customers with unique challenges.
According to him, examples are those who could prove that they are victims of burnt or stolen meters and customers who paid for meters under the defunct Power Holding Company of Nigeria, PHCN, with evidence of payment.
He stressed that the initiative would also help eradicate estimated billing and energy loss faced by IBEDC, while at the same time serving as a support scheme to CAPMI.
He, however, stated that as a permanent solution, IBEDC has put in place a 10-year (2015 – 2024) metering plan – with a total investment estimate of about N47.18bn.
“The roll-out plan makes provision for over 80 per cent of our customers to be metered by the end of 2018. Only 182,338 customers were metered at the time IBEDC took over in November 2013, while most of the meters had become obsolete or faulty and would need to be replaced to ensure quality service.
“From 2016 to 2024, we have projected to meter over 300,000 customers annually, inclusive of the CAPMI scheme. To bridge this metering gap immediately, a team headed by the Deputy Managing Director, IBEDC, Engr. John Ayodele, has just returned from China where they have been able to facilitate the supply of cost-efficient smart meters,” he concluded.