DisCos Blame Forex Scarcity for Failure to Heed NERC Directive on Meters

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Electricity distribution companies (Discos) that have failed to comply with the Nigerian Electricity Regulatory Commission’s (NERC) Credited Advance Payment for Metering Implementation (CAPMI) scheme to ensure that consumers are not billed based on estimation, have blamed their failure on lack of access to foreign exchange, ThisDay reports.

While many of the Discos have commenced the implementation of CAPMI with the rolling out of meters to their customers, others, who have failed or neglected to implement the programme are now claiming that the recent forex scarcity hindered them from implementing the new metering programme.

A top official of one of the Discos, which has not implemented CAPMI, claimed that the high cost of dollars had made it difficult for some of the companies to arrive at the appropriate price of the meters that would be affordable to consumers. The Executive Director in charge of Research and Advocacy at the Association of Nigerian Electricity Distributors (ANED), Mr. Sunday Olorutimi Oduntan, also noted that the forex issue has affected the power sector because most pre-paid meters are imported from overseas, he therefore urged the federal government to give the Discos priority on allocation of foreign exchange at the official rate.

Source

 

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