NERC okays 40% price increase for meters

The Nigerian Electricity Regulatory Commission on Tuesday approved a 40 per cent upward review of unit costs for end-use meters under the Meter Asset Provider and National Mass Metering Regulations.

NERC disclosed this in a Notice order signed by its Chairman, Sanusi Garba and Commissioner Legal, Licensing and Compliance, Dafe Akpeneye.

Accordingly, a single-phase meter price has been increased to N81,975.16 from N58,661.69.

Also, the Three-Phase Meter price was increased to N143,836.10 from N109,684.34.

The implication is that electricity consumers will have to pay an additional N23,313.64 for a Single-phase meter, which is 40 per increment and N34,151.76 to get a Three-phase meter, representing a 31 per cent increase.