Business News Updates Policy & Business

EEDC to rake in N1.56Bn from meter swap policy

The Enugu Electricity Distribution Company is set to haul in N1.56Bn from its customers in three south east states, based on a controversial decision to phase out “standalone” meters and replace them with new “smart” devices.

This fact came to light in the Company’s statement released today, 9 January 2019, which confirmed that about 40,000 customers from three south east states are affected by the meter swap policy.

Customers in three states affected by the policy

EEDC marketers have told customers that each metering device will be sold for about N39,000.

EEDC explained in the statement that its decision to institute a meter swap policy for customers using standalone meters was necessitated by a system upgrade and difficulty in providing support for the old card reader system.

“Consequently, EEDC could no longer provide support for the vending system that allows customers using the standalone meters to recharge their meters.” the organization said.

EEDC appears to give the impression that the meter contractor (MAP) is working for NERC and the federal government while, in fact, the regulator only provides oversight and approval (licencing) of equipment to be used and is not in the business of contracting services for Nigerian generation, transmission and distribution companies

EEDC shifted responsibility for the policy to the federal government and the regulator (NERC) which, it said, licensed a private company, Meter Asset Providers (MAP), to supply new smart meter devices to electricity consumers nationwide.

“Our apex regulatory body, NERC, has licensed Meter Asset Providers (MAP) to deploy meters to customers. EEDC has been actively engaged in promoting and facilitating this metering scheme designed and approved by NERC, which allow customers procure meters from the third-party meter providers at a cost,” the statement said.

With this explanation, EEDC appears to give the impression that the meter contractor (MAP) is working for NERC and the federal government while, in fact, the regulator only provides oversight and approval (licencing) of equipment to be used and is not in the business of contracting services for Nigerian generation, transmission and distribution companies.

The embattled Enugu Company says it has given each of the 40,000 customers a soft landing with an option to install the devices and pay it down within two years, in 24 monthly installments.

Sir Emeka Offor, Chairman of EEDC

The Company also explained that electricity consumers in two of the five states – Abia and Ebonyi – have not been using the problematic standalone meters and are therefore not affected by the policy.

Of the 40,000 consumers that the organization said will be affected in the remaining states, Enugu consumers are in the majority (60%), Anambra consumers constitute 35 percent of the consumers, and Imo makes up the balance of five percent.

The company did not indicate any intention to budge in the implementation of the meter swap policy.

“Affected customers should continue to avail themselves of the opportunities presented by the process put in place by EEDC to ensure a seamless meter swap exercise,” the statement concluded.

These processes involve affected customers coming forward to apply for a new meter, and applying to be reverted to manual billing system while the original application for the new smart meter is being processed.

longer erection pills over the counter, audamaxx male enhancement, what is the typical viagra dosage, how to approach a guy to talk about his sex drive, how much longer until viagra goes generic, hormone penis enlargement therapy, penile enlargement surgery erect photos, amlodipine viagra, who does viagra commercial, jmy male enhancement pills, supplements for low libido, meta analysis of male enhancement pills, viagra prescription cost walgreens, average penile length worldwide, better male orgasm, sex drive and fibroids, penis growth before after, does estrogen cream increase libido, affordable penis enlargement, natural remedies for erectile dysfunction, the pill book newest edition, how long after birth control did sex drive return, does caffeine increased sex drive, penis thickening lengthening pills, medicine pill, does viagra work better in mornings or at night, gnc vitamin d, using viagra every day, can low levels of testosterone cause slow penis growth, how long does sex drive last, what can make you lose your sex drive, male sex drive biology change over time, european viagra ad, penis enlargement risk, phalloplasty is also occasionally used to refer to penis enlargement, low libido in low progesterone, will getting rid of my fat pouch increase penis size, male enhancement supplement gll, does cold medications and antibiotics affect sex drive, two penis growth, cialis diabetes, apha max male enhancement, penis enlargement suppl, how do i work on being ok with my husbands low sex drive, penis enlargement hypno porn, how soon can you take levitra after viagra, supplemts to boost libido, natural performance enhancers, is it bad to take viagra at 18, where to purchase full moon male enhancement pills,