FG raises prices of electricity meters

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The Federal Government has increased the cost of electricity meters in the country beginning from November 15, 2021. The increase affects both single-phase and three-phase meters.

The Nigerian Electricity Regulatory Commission (NERC) in a circular, with reference number NERC/REG/MAP/GEN/751/2, entitled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’ and addressed to managing directors, all electricity distribution companies and all meter asset providers, raised the price of a single-phase meter from the current cost of N44,896.17 to a revised price of N58,661.69.

The circular dated November 11, 2021, also contained the increase of the price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36.

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