Following NERC (Nigeria Electricity Regulatory Commission) clearance, the cost of pre-paid electricity meters has increased throughout the country.
According to a circular signed and dated 5 September 2023 by the commission’s Chairman and Commissioner Legal, Licensing, and Compliance, Sanusi Garba and Dafe Akpeneye, respectively, a single phase pre-paid meter will now cost N81,975.16k instead of N58,661.69k.
Pre-paid meters for three phases would now cost N143,836.10k instead of N109,684.36k.
The new price was established, according to the circular, to ensure that meters were priced properly and fairly for 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.