The price of pre-paid electricity metres in the nation has increased following approval from the Nigerian Power Regulatory Commission (NERC).
A single phase pre-paid metre will now cost N81,975.16k from N58,661.69k, according to a circular signed and dated 5 September 2023 by the commission’s Chairman and Commissioner Legal, Licencing and Compliance, Sanusi Garba and Dafe Akpeneye, respectively. Three phase pre-paid metres will now cost N143,836.10k from N109,684.36k.
According to the circular, the new price was set to guarantee that electricity metres were priced fairly and reasonably for both 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. 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.”
