The Nigerian Electricity Regulatory Commission (NERC), has stated that from Monday, November 15, 2021, the prices for single-phase and three-phase pre-paid meters will be increased.
This was revealed in a statement released on Friday in Abuja, that Nigerians will pay an additional N13,766 and N26,829 to buy single-phase and three-phase pre-paid meters pre-paid meters from the eleven Distribution Companies (DISCOs).
The statement, with reference number NERC/REG/MAP/GEN/751/2, was titled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’ and was addressed to Managing Directors, all electricity Distribution Companies, DISCOs and all meter asset providers.
NERC increased the price of a single-phase meter from N44,896.17 to a revised price of N58,661.69.
The price of a three-phase meter was also increased from the current cost of N82,855.19 to a revised rate of N109,684.36.