Nigerians, from Monday, November 15, 2021, will start paying more for electricity prepaid meters as the Federal Government has approved a hike in prices of both single and three phase meters.
The single phase attracts additional N13, 766, while the three phase meter attracts additional N26, 829 from the eleven electricity distribution companies in the country.
A circular issued Friday in Abuja by the Nigerian Electricity Regulatory Commission (NERC), the regulator raised the price of a single-phase meter from the current cost of N44,896.17 to a revised price of N58,661.69.
It also increased the price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36.
NERC announced the increment via a circular dated November 11, 2021, and addressed to Managing Directors, all electricity Distribution Companies, DISCOs and all meter asset providers.
The circular, with reference number NERC/REG/MAP/GEN/751/2, was entitled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’.