Lagos - About 5,400 electiricty consumers in Ijora, Iponri, Orile, Masha, Mushin, and part of FESTAC Town of Lagos State have acquired new smart meters designed to replace the old prepaid meters.
The meters were installed by the Eko Electricity Distribution Company (EKEDC) between Feburary and April 10.
Godwin Idemudia, the Assistant General Manager of Public Affairs, said in Lagos that smart meter was a new technology in electricity metering that created an inter-face between electricity providers and consumers.
According to him, the smart meters available both in pre-paid and post-paid platforms, allows electricity providers remote access to consumers meters, ascertain its working condition and monitor cheats.
Idemudia said that the pilot smart meter installation programme commenced early in February in the six densely populated areas under its jurisdiction.
"The exercise is a continuous programme which will take three years to conclude.
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"The company will spend close to N12 billion on the project.
"We have applied to banks for the money and they are releasing it in batches," he said.
He appealed to electricity consumers yet to benefit from the programme to exercise patience, stressing that consumers under EKEDC would soon get free smart meters.
Idemudia, however, said that any consumers that could not wait for free meter due to estimated billing could apply through Credited Advance Payment for Metering Implementation (CAPMI) scheme.
He said that through the scheme, smart meter would be installed within 45 days after payment.
He said that one phase meter would costs N39,650 while three-phase attracted N68,906.