Electricity meter prices go up

Prepaid meters

Prepaid meters

The Nigerian Government has increased the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021.

The announcement was made in a circular issued by the Nigerian Electricity Regulatory Commission (NERC) dated November 11, 2021, and addressed to managing directors, all electricity distribution companies and all meter asset providers.

The PUNCH reports that the circular, with reference number NERC/REG/MAP/GEN/751/2, was entitled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’.

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In the document, the regulator raised the price of a single-phase meter from the current cost of N44,896.17 to a revised price of N58,661.69.

It also increased the price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36.

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