Eunice Imo
Lagos — Nigerian Power Regulatory Commission, NERC, has announced the price increase of single-phase and three-phase pre-paid electricity meters.
This was announced through a circular released on September 6, numbered NERC/2023/020, and jointly signed by the commission’s Chairman, Sanusi Garba, and its Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye.
It 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.
NERC said the reason for the increment was to ensure fair and reasonable pricing of meters to both Meter Asset Providers and end-user customers.
The circular noted that the new price was to ensure a fair and reasonable pricing of meters to both MAPs and end-users.
“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,” The circular read.
