A new electricity regulation that would boost meter supply for consumers nationwide would become operational next month, Minister of Power, Works and Housing, Babatunde Fashola, has said.
Fashola disclosed this on Thursday in Lagos at a Policy Dialogue on the Power Sector organised by the Lagos Chamber of Commerce and Industry (LCCI).
The minister said that the regulation, which would govern meter service providers, would open up the market to more players in the meter supply chain, strengthen local meter suppliers and bridge the country’s metering gaps.
“It would enable other businesses that are not distribution companies (DISCOs) to supply meters. The core business of the DISCOs is not meter supply, their core business is distributing power but…
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