Close Menu
    What's Hot

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026

    HYPEUSD -Hyperliquid Drops by 6% on Unlock Token Flows

    June 6, 2026

    NGX Positions Dangote Refinery IPO as Pan-African Inv. Opportunity

    June 6, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, June 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Discos to Upgrade Customers’ Metering Before Nov. 2024 – Official
    News

    Discos to Upgrade Customers’ Metering Before Nov. 2024 – Official

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJuly 23, 2023No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Discos to Upgrade Customers’ Metering Before Nov. 2024 – Official
    Share
    Facebook Twitter Pinterest Email Copy Link

    Discos to Upgrade Customers’ Metering Before Nov. 2024 – Official

    Electricity distribution companies(DisCos) in Lagos say the proposed Standard Transfer Specification (STS),  a metering code, to be introduced soon, is not targeted toward increasing electricity tarrif.

    A top official in one of the Discos in Lagos, who preferred anonymity, told the News men on Sunday that the code, a software which is of an international standard, is to upgrade old meters to STS rollover.

    DisCos in Nigeria have already advised its customers to upgrade their meters before Aug. 1 in order not to lose them.

    The STS rollover is a secure message system for carrying information between a point of sale (PoS) and a meter.

    The official said that the timeline for the upgrade would end in November 2024 and that customers’ meters had to be upgraded to allowed for accessibility.

    According to him, every DisCo has scheduled it metering coding, differently.

    “Some have scheduled for Aug. 1, but ours is not same date, However,  it will be done before the expiring date of November 2024.

    “We will ensure the migration is seamless for our customers on STS TID rollover system.

    “The software will be upgraded without affecting reading or payment model.

    “In electricity process, there are intelligent units that transfer the load to an alternative source.

    “The technology of the remote communication makes possible the function and recharge of prepaid meter,” the staff added.

    The source said that the TID – Token Identifier is a 24 bit field contained in STS compliant token that identifies the date and time of the token generation.

    He said that it is used to determine if a token had already been used in a payment meter.

    The source said that the upper limit for the software would be reached by November 2024, noting that would lead the rollover to zero.

    He also said this would be needed for the TID rollover for meter upgrade to enable meter recharge.

    The source said that customers need to upgrade their meters by using a Key Change Token (KCT), a special rest token, to be loaded on their meters.

    “Customers will get a KCT of the DisCos offices or their agents at the point of purchase of a token alongside the purchased energy tokens.

    “Customers will only need to use KCT once and subsequent energy purchases will be as usual,” the official added.

    He said no customers’ meters needed to be changed to enable the upgrade, except it is an obsolete or faulty meter. #Discos to Upgrade Customers’ Metering Before Nov. 2024 – Official#

    Why we Paid N123bn Interim Dividend to FAAC – NNPCL

    AEDC DISCOS EKEDC IBEDC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Related Posts

    News

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026
    News

    HYPEUSD -Hyperliquid Drops by 6% on Unlock Token Flows

    June 6, 2026
    News

    NGX Positions Dangote Refinery IPO as Pan-African Inv. Opportunity

    June 6, 2026
    News

    Brent, WTI Climb as Oil Market Extends Weekly Rally

    June 6, 2026
    News

    Crypto Market Cap Slumps to $2.1trn on Waves of Selloffs

    June 6, 2026
    News

    XRP Price Crashes to $1.07 over Severe Market Downturn

    June 6, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026

    HYPEUSD -Hyperliquid Drops by 6% on Unlock Token Flows

    June 6, 2026

    NGX Positions Dangote Refinery IPO as Pan-African Inv. Opportunity

    June 6, 2026

    Brent, WTI Climb as Oil Market Extends Weekly Rally

    June 6, 2026
    Latest Posts

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026

    HYPEUSD -Hyperliquid Drops by 6% on Unlock Token Flows

    June 6, 2026

    NGX Positions Dangote Refinery IPO as Pan-African Inv. Opportunity

    June 6, 2026

    Brent, WTI Climb as Oil Market Extends Weekly Rally

    June 6, 2026

    Crypto Market Cap Slumps to $2.1trn on Waves of Selloffs

    June 6, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026

    HYPEUSD -Hyperliquid Drops by 6% on Unlock Token Flows

    June 6, 2026

    NGX Positions Dangote Refinery IPO as Pan-African Inv. Opportunity

    June 6, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.