… to install the meters at “No Cost” to Band A customers between November 18-30, 2024
… YEDC accounts for 63,477 metered, 118,490 unmetered as of July 2024
Oredola Adeola
Yola Electricity Distribution Company (YEDC) has revealed the plan to deploy 1,500 single-phase meters and 380 three-phase meters for Band A customers utilising its allocation of N243,348,639 from the N21 billion Meter Acquisition Funds (MAF) programme.
The installation will be carried out by approved meter vendors over two weeks, from November 18 to November 30, 2024, at no cost to YEDC customers.
Advisors Reports’ check showed that as of July 2024, Yola Electricity Distribution Company (YEDC) has 819,940 registered customers, with 63,477 metered and 118,490 unmetered customers.
Blessing Tunoh, YEDC Communications Officer, revealed this in a statement obtained by Advisors Reports on Tuesday.
Advisors Reports confirmed that the N21 billion Meter Acquisition Fund (MAF) was approved under NERC Order No. NERC/2024/072, implementing “Tranche A” of the Presidential Metering Initiative effective June 13, 2024.
The MAF scheme was designed by the Commission to tackle DisCo creditworthiness issues hindering end-user meter deployment in NESI by establishing a reliable revenue stream to secure long-term financing for utilities.
According to the YEDC Communications Officer targeting unmetered Band A customers within YEDC’s franchise area is part of the company’s ongoing efforts to provide accurate billing and improve customer satisfaction.
She further stated that the deployment of the prepaid meter is coming on the sideline of the Nigerian Electricity Regulatory Commission’s (NERC) approval of the Meter Asset Framework (MAF) process, YEDC will deploy a total of 1,880 meters.
She said, “This allocation comprises 1,500 single-phase meters and 380 three-phase meters. The installation will be carried out by approved meter vendors over two weeks, from November 18 to November 30, 2024.
“The MAF project is a special intervention under the Presidential Metering Initiative, launched on June 13, 2024, to accelerate metering for electricity consumers nationwide.
She further explained that the meters procured under the MEF framework will be installed at no cost to YEDC customers.
YEDC has therefore urged all Band A customers under its franchise to cooperate with the installers visiting their homes and business premises during the metering exercise.
The company further assured that it is dedicated to enhancing the quality of electricity distribution and ensuring all customers receive reliable and transparent services.
