Indigenous firms partner Ikeja DISCO on pre-paid meters




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By SundiataPOST,

Six indigenous pre-paid meters manufacturing companies Friday said they were partnering the Ikeja Electricity Distribution meter procurement and installation customers.

The zone launched the Credited Advanced Payment for Metering Implementation (CAPMI) scheme in Lagos.

Addressing stakeholders at the launch of the scheme in Ikeja, Mr Abiodun Ajifowobaje, Chief Executive Officer, Ikeja DISCO, said the scheme was necessary urgently address complaints by about estimated billing.

 Ajifowobaje explained could apply and pay for meters which would be installed within 48 hours.

 He said the scheme had not overridden the Multi Year Tariff Order (MYTO) introduced in June 2012.

The MYTO scheme provides pays for the meter as should be supplied free and paid for as tariff monthly basis.

The PHCN boss explained  due to lack of funds to procure enough meters from manufacturers at the moment, CAPMI would enable consumers obtain them by paying first and get refunded over a period of time.

He said that the zone agreed to with the indigenous firms after many 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 for consumers who were willing to advance to their distribution companies for speedy installation of prepaid meters.

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

“The cost of the meter will be refunded to the customers through a billing process spread across for three years with 12 per cent interest,’’ he said.

He, however, said that customers would bear the cost of the accessories of the metre, while vendors with registered account with DISCO would provide 24-hour installation service to the customers.

 “The amount to be paid will be publicised after discussing with the manufacturers.

“But l believe it will be within the range of N25,000 for single phase pre-paid metres and N35,000 for three phases metre. of the metre manufacturers, the , MOMAS System Ltd., Mr Kola Balogun, said: “CAPMI had come to stay.

“We will make it work and it is a way to relieve consumers from the constant ‘crazy bill’ and estimated billing, but as a manufacturing aim is to key into the of the scheme.

“We can assure you that as soon as any consumer pays, metre will be made available within the shortest time frame, between 24 or 48 hours.’’