NERC orders DisCos to reimburse N20.33bn meter costs within 12 months
NERC mandates electricity distribution companies reimburse N20.33 billion to customers for prepaid meters procured under the Meter Asset Provider framework. The directive requires full recovery within 12 months starting March 1, 2026. DisCos must automate reimbursements, submit monthly reports, establish complaint channels, and amortize under-reimbursements in equal monthly instalments. This follows widespread customer complaints about delayed meter cost reimbursements.
SOURCE: https://nairametrics.com/2026/03/04/nerc-orders-discos-to-fast-track-n20-33-billion-meter-refunds/