ELECTRICITY: FG, reportedly, increases cost of pre-paid meter in Nigeria
The Nigerian Electricity Regulatory Commission (NERC), an agency of Nigeria’s Federal Government, has announced that there will be an increment on the cost of pre-paid meters, starting from 15 November, 2021.
The increment was announced on Thursday 11 November 2021, via a circular reportedly issued by the NERC headquarters in Abuja.
According to the circular, the regulator has raised the price of a single-phase meter from the current cost of N44,896.17 to a revised price of N58,661.69 and the price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36.
The circular titled, ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’, with reference number NERC/REG/MAP/GEN/751/2, was addressed to all Managing Directors, all electricity Distribution Companies (DISCOs) and all meter asset providers.
