The Nigerian Electricity Regulatory Commission, NERC, on Wednesday, announced hike in the prices of pre-paid electricity meters with effect from September 6, 2023.
It announced this in an order released by the Nigerian Electricity Regulatory Commission with the number, NERC/2023/020, and jointly signed by the commission’s Chairman, Sanusi Garba, and its Commissioner, Legal, Licencing and Compliance, Dafe Akpeneye.
In the order, the NERC stated that a single-phase meter would now cost N81,975.16k from the previous price of N58,661.69k, while the price of a three-phase meter was raised to N143,836.10k from N109,684.36k.
On why it increased the costs of the meters, the NERC said it was to ensure fair and reasonable pricing of meters to both Meter Asset Providers and end-user customers.
