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News and Research => Business => Topic started by: Dev Sunday on 2024-08-21 17:10

Title: Nigerians struggle with estimated billing as meter price nears N250,000
Post by: Dev Sunday on 2024-08-21 17:10
Nigerians are currently grappling with the escalating cost of electricity meters, which has surged to nearly ₦250,000. This sharp increase in price has left many households in a difficult situation, particularly as they struggle with the ongoing challenges of estimated billing. Estimated billing is a system used by electricity distribution companies (DisCos) in Nigeria to charge customers who do not have prepaid meters. These bills are often arbitrary and do not reflect the actual consumption of electricity, leading to widespread complaints of overbilling.

The Nigerian Electricity Regulatory Commission (NERC) has been under pressure to address the issue of estimated billing, which has long been a source of frustration for consumers. Many Nigerians have resorted to paying the inflated meter prices out of pocket to avoid the burden of estimated billing, but this has placed a significant financial strain on households, particularly those with lower incomes.

In response to the outcry, the Nigerian government has launched various initiatives aimed at increasing the availability of prepaid meters. One such initiative is the National Mass Metering Program (NMMP), which was designed to provide free meters to consumers. However, the rollout has been slow and fraught with challenges, including corruption, delays, and logistical issues.

The high cost of meters and the slow pace of distribution have led to a situation where many consumers are still stuck with estimated billing. This has exacerbated the financial burden on families, who are already dealing with high inflation and the rising cost of living. Additionally, the lack of meters has also contributed to electricity theft, as some consumers resort to illegal connections to avoid paying for power.

The issue has sparked widespread criticism of both the government and the electricity distribution companies, with many Nigerians calling for urgent reforms to the power sector. There are growing demands for a more transparent and accountable system that ensures fair billing practices and makes meters more affordable for the average citizen.

In summary, the soaring price of electricity meters, combined with the persistent problem of estimated billing, has created a difficult situation for many Nigerians. While government initiatives like the NMMP aim to alleviate these challenges, the slow progress and high costs are leaving many households in financial distress.

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