…Single-phase now N81,000, three-phase, N143,000
The Federal Government through the Nigerian Electricity Regulatory Commission (NERC) has approved an upward review of the prices of prepaid electricity meters in the country.
This was contained in a circular dated September 5 and signed by the commission’s Chairman, Sanusi Garba; and Commissioner for Legal, Licencing and Compliance, Dafe Akpeneye.
It stated that a single-phase prepaid meter that cost N58,661.69, would now cost N81,975.16, while three-phase prepaid meters had increased from N109,684.36 to N143,836.10.
The circular also noted that the new prices were to ensure a fair and reasonable pricing of meters to both Meter Asset Providers (MAPs) and end-user 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,” the statement read.
“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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