Electricity Consumers to pay more for Prepaid Meters as FG increase prices (SEE NEW PRICES)

Electricity consumers are to pay more before they can get Prepaid Meters with effect from Monday, November 15, 2021.

Nigerians will pay an additional N13,766 and N26,829 to get single-phase and three-phase pre-paid meters from the eleven Distribution Companies, DISCOs.

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According to a circular issued Friday in Abuja by the Nigerian Electricity Regulatory Commission, NERC, 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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NERC announced the increment via a circular dated November 11, 2021, and addressed to Managing Directors, all electricity Distribution Companies, DISCOs and all meter asset providers.

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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