Most distribution companies are currently deploying energy prepayment meters in its area of supply. These Electronic meters are intended to replace the old post-payment meters.
Though the new energy prepayment meter will in no doubt have its challenges for both the DISCOs and the Nigerian energy consumer, the pros will outweigh the cons.
The first obvious benefit of these new energy prepayment meters to energy consumers is fair billing. Energy consumers in Nigeria have always complained about the unfair billing method used by distribution companies. However, with these new energy prepayment meters energy consumers in Nigeria will only pay for actual energy consumed.
The second benefit of this prepayment meter to the consumer is control. Energy consumers can now control their energy consumption. If you find yourself using more energy, you can decide on what to cut-out in order to reduce your energy consumption.
Cases of meter theft is bound to reduce, this is because each prepayment meter is tied to a smartcard, which means that a stolen prepayment meter will be useless without the smart card. Every prepayment meter has a unique identification number that can be tracked electronically. Therefore, consumers can be sure of meter security.
Another great benefit of this electrical energy prepayment meters on Nigerian energy consumer is its potential for reliable power supply. The revenue of DISCOs will be proportional to actual energy used by her consumers. This will no doubt force distribution companies to deploy more power capacity in order to boost revenue generation and also increase reliability.