We’ve put in 184,507 meters, issued 50 licences in Q3 2024 – FG 

The Federal Authorities has recorded vital progress in Nigeria’s electrical energy sector with the set up of 184,507 new meters and the issuance of fifty licences, permits, and certifications in the course of the third quarter of 2024 (Q3).

The Nigerian Electrical energy Regulatory Fee (NERC) revealed in its Q3 2024 report launched on Friday that 184,507 meters had been put in, marking a exceptional 256.01% improve in comparison with the 51,826 meters put in in Q2 2024.

The elevated metering pushed the online end-user metering fee within the Nigerian Electrical energy Provide Trade (NESI) to 46.15%, up from 45.43% in Q2, an increase of 0.72 proportion factors.

The installations had been largely carried out underneath the Meter Asset Supplier (MAP) framework, which accounted for 178,715 meters or 96.86% of the full. The Vendor Financed framework contributed 3,508 meters, whereas the DisCo Financed framework added 2,298 meters.

This growth signifies a concerted effort to handle challenges like estimated billing and promote client satisfaction throughout the electrical energy distribution worth chain.

Energy sector growth: 50 licences issued 

To enhance the surge in meter installations, NERC issued 50 licences, permits, and certifications aimed toward strengthening Nigeria’s energy sector infrastructure. These embrace:

• Six (6) new off-grid technology licences with a mixed capability of 30.06 MW.
• One (1) renewal of an on-grid technology licence with a gross capability of 39 MW.
• Two (2) new electrical energy buying and selling licences.
• Eleven (11) captive technology permits with a complete gross capability of 63.36 MW.
• One (1) registration certificates for a mini-grid.
• Seven (7) certifications for Meter Service Suppliers.
• Twenty-two (22) permits for Meter Asset Suppliers.

These licences are anticipated to encourage investments, enhance energy provide, and develop entry to renewable and off-grid power options, particularly in rural areas.

Key Implications for the Energy Sector

The surge in meter installations and issuance of licences marks a pivotal second in Nigeria’s electrical energy sector. By prioritizing metering by means of initiatives like MAP, the federal government is tackling the pervasive downside of estimated billing, which has lengthy plagued electrical energy shoppers.

Moreover, the rise in off-grid and mini-grid licences underscores a rising shift in the direction of renewable power and decentralized energy options, very important for enhancing power entry in underserved areas.

A Promising Outlook: These developments spotlight the Federal Authorities’s dedication to reforming Nigeria’s energy sector and creating an enabling atmosphere for each shoppers and traders.

With metering and licensing actions gaining momentum, stakeholders anticipate additional progress in This autumn 2024, laying the inspiration for a extra dependable, sustainable, and inclusive power sector.