Nigerians to pay more as FG increases price of electricity metres nationwide
The Nigerian Electricity Regulatory Commission (NERC) has given its approval for an increase in the price of prepaid electricity meters across the country.
According to a circular signed by Sanusi Garba, Chairman of the Commission, and Dafe Akpeneye, Commissioner Legal, Licensing, and Compliance, dated September 5, 2023, the cost of a single-phase prepaid meter will now be N81,975.16k, up from the previous price of N58,661.69k. Similarly, the cost of a three-phase prepaid meter has been raised to N143,836.10k from N109,684.36k.
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The circular said the new price was to ensure a fair and reasonable pricing of meters to both MAPs and end-use customers.
“Ensure MAP’s ability to recover reasonable costs associated with meter procurement and maintenance while ensuring that their pricing structure allows for a viable return on investment. Evaluate the affordability of meter services for consumers, aiming to prevent excessive pricing that could burden end-users. Ensure that MAPs are able to provide meters to end-use customers in the prevailing economic realities.
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