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Pre-paid Meter: Indigenous Firms Partner Ikeja Disco On Meter Installation


News » Business
Nigeria

IMAGE: Prepaid Meter Installers »

Oct.31.2013

 

To bring issue of crazy bills and estimated billing system to check, the Ikeja Electricity Distribution Company has partnered six indigenous pre-paid meter manufacturing companies on effective meter procurement and installation to customers.

Ikeja DISCO at the weekend launched the Credited Advanced Payment for Metering Implementation (CAPMI) scheme in Lagos.

Addressing stakeholders at the launch of the scheme, Chief Executive Officer, Ikeja Disco, Mr. Abiodun Ajifowobaje, said the scheme was necessary to urgently address complaints by consumers about estimated billing and other components of service delivery by the company.

Ajifowobaje explained that the scheme implied that consumers could apply and pay for meters, which will be installed within 48 hours and get their money reimbursed over a period of time as a means of discount on their electricity consumption.

He  said the scheme had not overridden the Multi Year Tariff Order (MYTO) introduced in June 2012, explaining that the MYTO scheme provides that no one pays for the meter as it is supplied free to consumers and paid for as tariff on monthly basis.

He stated, however, that due to lack of funds to procure enough meters from manufacturers at the moment, CAPMI would enable consumers get it by paying at first and get refunded over a period of time.

According to him, the zone  agreed to partner with the indigenous firms after many months of consultation with the Nigeria Electricity Regulatory Commission (NERC) and other relevant stakeholders in the power sector.

Ajifowobaje said that the CAPMI Scheme was optional and was designed as an alternative for consumers who are willing to advance money to their distribution companies for speedy installations of prepaid meters.

“Customers are then refunded the cost of the meter by way of monthly reductions on the fixed charge elements on their electricity bills over time. The scheme is meant for customers to pay up-front for the purchase of the meter.”

He said further that the cost of the meter will be refunded to the customers through a billing process spread across three years with 12 per cent interest.

He, however, said that customers will bear the cost of the accessories of the meter while vendors with registered account with DISCO will provide 24-hour  installation service to the customers on the day of payment.

According to him, “The amount to be paid will be publicised after discussing with the manufacturers, but I believe it will be within the range of  N25,000 for single phase pre-paid meters and N35,000 for three phase meters.”

Article Credit: Leadership

Updated 5 Years ago
 

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