By Prevail Inegbenose
The Nigerian Electricity Regulatory Commission (NERC) has reported that electricity meter installation across the Nigerian Electricity Supply Industry (NESI) has reached 61.51 per cent, as the regulator steps up efforts to improve billing accuracy and transparency in the power sector.
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The development was disclosed at the Third Quarter 2026 NESI Stakeholder Meeting hosted by NERC in Lagos on September 7, where key industry players reviewed sector performance and emerging challenges.
NERC Chairman, Dr. Musiliu Oseni, reaffirmed the Commission’s commitment to collaborative reforms aimed at improving the reliability, efficiency and sustainability of electricity supply in the country.
Oseni also highlighted ongoing regulatory initiatives, including the constitution of the Electricity Act Transition Committee by the Minister of Power, as part of efforts to advance implementation of the Electricity Act.
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The meeting reviewed the performance of the electricity market during the third quarter, with stakeholders providing updates on developments across different segments of the sector.
State Electricity Regulatory Commissions briefed participants on efforts to establish state electricity markets and improve local operational performance, while the Transmission Company of Nigeria (TCN) provided updates on transmission infrastructure upgrades and measures to improve the Transmission Loss Factor.
Stakeholders also reviewed the status of the Special Compensation Programme and initiatives by the Nigerian Independent System Operator (NISO) to promote market transparency, improve data accuracy and strengthen operational efficiency.
Another major focus was the growing threat of infrastructure vandalism, with participants calling for stronger collaboration among state governments, security agencies and host communities to protect electricity infrastructure.
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The stakeholders resolved to deepen collaboration and accelerate ongoing reforms to strengthen market performance and improve electricity supply across the country.
The metering progress, they noted, is expected to contribute to more accurate billing and greater transparency for electricity consumers as efforts continue to close the country’s metering gap.