Meter Asset Providers
Senate demands review of Power Sector Reform Act
The Senate on Wednesday called for the review of the Power Sector Reform Act 2005. According to the upper chamber, a new and more dynamic Electricity Act would among others, “consolidate the roles of regulators and policy makers; bridge existing gaps in the legal and regulatory framework; and cater to post-privatization operational issues in Nigeria’s power sector. The position of the Senate was contained in resolutions reached following consideration of the report of the Senate Committee on Power on “Addressing Nigeria’s Power Problems.” Chairman of the Committee, Gabriel Suswam (PDP – Benue North East), in his presentation stressed the need for more consumers to be metered to avoid estimated billing. He added that the Federal Government’s intervention since the privatization of the power...
Meter manufacturer urges Nigerian government to grant sector ‘special’ forex regime
Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector. It also applauded the upward review of metre prices by Nigerian Electricity Regulatory Commission (NERC) which took effect on June 1. The firm said also that the increase in prices of prepaid electricity meters will boost local production. Chiso Nwangwu, Managing Director of Sabrud Consortium, who spoke to newsmen in Awka on Thursday, said the increase in prices was long overdue as the former rates had become grossly inadequate in view of the prevailing economic realities. Newsmen recall that NERC earlier this month, announced that customers would now pay N44,896.17 instead of N36,991.50 for single phase meters while three phase meter ...
