As part of the process of developing a uniform accounting framework to facilitate the review and analysis of the licensees’ financial statements, the Nigerian Electricity Regulatory Commission (NERC) in consultation with the Financial Reporting Council (formerly Nigerian Accounting Standards Board), agreed on the adaptation of the US Federal Energy Regulatory Commission (FERC) 2009 version of the Uniform System of Accounts (USOA).
The draft was discussed with industry participants during two interactive workshops held in November and December 2011 in Calabar and Kaduna respectively.
Membership of the working group is made up of representatives from electricity generation and distribution companies. Others are the Nigerian Bulk Electricity Trading Plc and NERC, with technical support from the Nigerian Infrastructure Advisory Fund.
The working group is expected to complete its assignment on Friday 24th May 2013.
Maryam Yaya Abubakar - Assistant General Manager, Media
In line with the powers conferred on the Nigerian Electricity Regulatory Commission (NERC) enshrined in the EPSR Act, 2005, a stakeholder consultation on the review of the Metering Code was held on Wednesday, 15 May, 2013 in Abuja.
The Nigerian Electricity Regulatory Commission (NERC) has launched its Abuja Forum Office. The Forum was commissioned by the Chairman, Senate Committee on Power, Distinguished Senator Philip Aduda, who has described the action as a landmark in the march towards the realization of adequate, safe, reliable and affordable power supply across the country.
The new metering scheme kicks off today with an official order from the Nigerian Electricity Regulatory Commission – NERC mandating the electricity distribution companies (DISCOs) to commence implementation of the Credited Advance Payment for Metering Implementation – CAPMI.
CAPMI came about due to the slow pace of customer metering by the DISCOs, as well as the high level of complaints received from customers and dissatisfaction with the current estimated billing practices.
CAPMI provides a platform for willing customers to pay the cost of the meter into a dedicated account jointly managed by the DISCO and meter Vendor/Installer. Once payment has been effected, the customer will have their meter installed within 45 days, by a NERC accredited Vendor/Installer.
Chairman NERC – Dr. Sam Amadi explained that “The cost of the meters was arrived at using the standard market price plus the most efficient installation costs. The DISCOs submitted data based on costs submitted by the DISCOs during the MYTO review, as well as review of prices supplied by local manufacturers”
In arriving at a list of meter Vendors and Installers of meters to partake in the CAPMI scheme, NERC followed a comprehensive due process by first advertising, and inviting the Bureau of Public Procurement (BPP) to supervise the process of certification based on the Metering Code.
Consultations were also held with various stakeholders including preferred bidders, would be vendors and installers and Electricity Distribution Companies (DISCOs) as well as the financial institutions to agree on the framework and logistics of implementing the scheme. In selecting successful applicants, the Commission gave emphasis to local firms as a way of localizing and promoting local content in the sector”.
In a related development, the Commission has also signed an order mandating DISCOs to supply meters paid for by customers dating back to January 2011. Amadi said: “It is regrettable that customers paid for meters and not supplied with same months even years after. This is a double jeopardy considering that meters ought to have been supplied to them free once they paid bills. The Commission had to take January 2011 as deadline for a number of reasons. Nevertheless we are working on measures to ensure that customers who paid before January 2011 are metered within the shortest possible time”.
Maryam Yaya Abubakar - Assistant General Manager, Media
Tel: +234 9 462 1408
In anticipation of the entry of private sector participants in the electric power sector, the Nigeria Electricity Regulatory Commission – NERC, is in the process of perfecting guidelines that will ensure that operators do not breach their license obligations, and at the same time are able to temporarily operate out of compliance, where the urgent need arises.
The undeniably weak state of the industry that will be inherited by the new players has necessitated this move. There are many flaws, sub-standard equipment, among others in the system which will make it difficult for the new operators to comply with all the standards set by NERC to govern generation, transmission, distribution and overall customer care.
Operators will be able to apply to NERC seeking for time to comply with codes and standards, and then submit detailed plans and timelines for eventual compliance. The Commission will consider these applications, and if found not to impinge on health and safety issues, and are justifiable, derogation may be granted.
The Commission has also called for public comments on a draft health and safety code to ensure the safety of persons during installation, operation or maintenance of electricity equipment. Members of the general public interested in accessing these documents and making their comments may do so by visiting the Commission website on www.nercng.org.
Press Release - 11.03.13 - 06
The roll out of electricity meters is set to receive a major boost as the Nigerian Electricity Regulatory commission – NERC gives the go ahead to commence implementation of an alternative funding scheme that will see to the rapid deployment of electricity meters.
Press Release – 04.03.13 -05
The Nigerian Electricity Regulatory Commission – NERC, at the National Executive Council meeting of the National Union of Electricity Employees – NUEE at the weekend, pledged its commitment to ensure that workers in the electricity sector are treated fairly, and their interests protected through fair regulation.
Press Release - 01.03.13 #04
In a move to ensure that the Nigerian electricity industry gives priority to indigenous operators and workers, the Nigerian Electricity Regulatory Commission – NERC is soon to issue regulations on national content.
Press Release-23.01.12 - 02
Electricity customers are soon to enjoy rapid meter deployment owing to the resolution taken by NERC yesterday at their Commission meeting to issue an order to electricity distribution companies (DISCOs) to issue meters to their customers who have already paid.
Press Release-23.01.13 - 01
Small and Medium Enterprises (SMEs) may soon heave a sigh of relief with regards to the high fixed charges they pay. This is coming on the heels of a resolution taken by the Nigerian Electricity Regulatory Commission – NERC, to conduct a public hearing for SMEs and other stakeholders to contribute to arriving at a more affordable fixed charge in order to ensure the sustenance and growth of this critical sector.
Contrary to calls and justification for the Federal Government to fund the electricity distribution companies (DISCOs) beyond 2012, there is indisputable proof that this will not be necessary as the tariff methodology in use has provided for these companies to be self sustaining.
The Nigerian Electricity Regulatory Commission - NERC, has given state governments up to the 31st of December 2012 to submit a detailed valuation of their investments in electricity distribution assets.
The people and economy of Katsina State will in the very near future receive a boost as a result of improved electricity supply.
This has been made possible by the official flagging off on Monday 12th November 2012, of the 30megawatt solar power plant project at Kankiya, Kankiya local government of Katsina State. The project was conceived as part of the Nigerian-German Energy Partnership.
Following the deluge of customer complaints on excessive estimated billing, the Nigerian Electricity Regulatory Commission has directed electricity distribution companies (DISCOS) to organize sensitization workshops for their staff.
The Nigerian Electricity Regulatory Commission (NERC) has assured stakeholders in the electricity industry that it is aiming at providing the best regulatory framework in cognizance with the transitory efforts at privatizing the power sector.
Electricity consumers are important stakeholders in the scheme of things concerning the power industry. They are to be protected from the service provider. This was the message of the Nigerian Electricity Regulatory Commission (NERC) to electricity consumers at the recently held Power Consumer Assembly in Umuahia, the Aba state capital on 16TH August, 2012 and in Keffi, Nasarawa state, on 23rd August, 2012 respectively.