Abuja — A model framework developed by the Nigerian Electricity Regulatory Commission (NERC) to cap revenues accruable to electricity distribution companies in Nigeria's electricity industry from estimated billing methods has revealed that the sector could lose as much as N12.532 billion from the proposed measure in one year.
The framework was contained in a concept note for the capping of monies that distribution companies (Discos) can make from customers on estimated billing methods. It showed that based on the current industry metering gap of 4,462,262, an average sum of N2,352.20 per meter could be forfeited as the yearly opportunity cost for Discos' reluctance to provide meters to their customers.
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