You are here: HomeBusiness2021 12 30Article 510661

Business News of Thursday, 30 December 2021


We’ll partner govt to reduce unmetered customers – IBEDC

Electric meters Electric meters

Ibadan Electricity Distribution Company Plc has re-inaugurated the Meter Asset Provider Scheme as it steps up efforts to enhance meter rollout across its areas of operations.

The Chief Operating Officer of the company, John Ayodele, said this in Ibadan Wednesday during a roadshow organized by the company.

A company statement quoted him as saying that the meter rollout would commence immediately, following the directive given by the National Electricity Regulatory Commission to give customers the choice to purchase meters.

The COO, who was represented by the company’s Head of Strategy, Mr Peter Oni, spoke during the roadshow aimed at sensitizing members of the public. According to him, a single-phase metre goes for N63,061.32 while a three-phase metre costs N117,910.69.

He stated there were no charges or processing feesHe said customers would get a refund of the cost of the meter through equal instalment of energy credit whenever they vend over a period of 36 months.

He said, “We are officially announcing the restoration of the Meter Asset Provider Scheme for customers who are in urgent need of meters and are willing to pay for them. He said the cost would be paid by rebate for customersAyodele said customers could register for MAP meters online or visit any of IBEDC’s offices, after which a unique ID would be generated for a technical evaluation of the customer’s premises.

He further said, “The prices of these meters are as stipulated and approved by NERC. IBEDC has secured the services of the following MAP vendors, namely Mojec International Limited for customers in Ogun State, Protogy Global Service for customers in Oyo State, Integrated Resources Limited for customers in Osun State and finally CWG Plc will supply meters to customers in Kwara State. Customers should not pay to anyone to avoid being scammed, and please note, no application or processing fees required.”

He further enjoined our numerous customers to quickly buy into the scheme to avoid estimated billing, which has always been an issue.