(Ans.) Credited Advance Payment for Metering Implementation, (CAPMI), is a special metering scheme designed by the Nigerian Electricity Regulatory Commission, (NERC) that provides a platform for customers to pay the cost of the meter and installation into a dedicated account. Once payment has been effected, the customer will have their meter installed within 45 days, by a distribution company using a NERC accredited vendor/installer.
(Ans.) Ecobank CAPMI Meter Micro Finance Scheme is special metering scheme that allows intending pre-paid meter owners to apply for a micro-finance loan from Ecobank to finance meter acquisition. This takes away the burden of paying the full sum (of the cost) for meter from the customer.
• Any new customers served by Port Harcourt Electricity Distribution Company and who do not have the meters • Existing PHED customers with damaged or faulty meters • Any post-paid customers who has no outstanding debt and wishes to acquire pre-paid meter.
(Ans.1) For Ecobank account holders: Application forms are available for pick up at designated Ecobank branches or any PHED office (Ans.2) For non-Ecobank account holders: CAPMI Application and Account Opening forms are available at Ecobank branches or PHED offices. Applicants are to complete and submit the forms at designated Ecobank branches as early as possible
(Ans.) Application approval can be obtained not later than five (5) working days from the date of submission of completed application form at Ecobank :
(Ans.) Not later than 45 days from the date of transfer of funds into PHED Account (as required by NERC CAPMI guideline).
(Ans.) Maximum of 36 months at 12% per annum on the NERC approved costs of the meters and installation.
(Ans.) Payment is made through monthly deductions from customers’ accounts as per repayment schedule
(Ans.) These are the types of meters approved by NERC under the CAPMI Scheme.
(Ans.) All categories of meters, comprising Single-Phase and Three-Phase Meters as per NERC Metering Code.
It will start in Rivers State in November 2014 and thereafter, it will be extended to Akwa Ibom, Bayelsa and Cross-River states.