The Nigerian Electricity Regulatory Commission, NERC, has approved an upwards increase in the price of pre-paid electricity meters in the country.
This was announced in a circular jointly signed by the commission’s Chairman and Commissioner Legal, Licencing and compliance, Sanusi Garba and Dafe Akpeneye, and dated 5 September 2023.
The circular stated that a single phase pre-paid meter would now cost N81,975.16k from the N58,661.69k while three phase pre-paid meters is increased to N143,836.10k from N109,684.36k.
The new price was said to ensure a fair and reasonable pricing of meters to both MAPs and end-use 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.
