FG Increases Price Of Electricity Prepaid Meters

Post created on 5:01 pm

An increase in the price of pre-paid electricity meters has been approved by the Nigerian Electricity Regulatory Commission across the country.

In a circular signed by the Commission’s Chairman Sanusi Garba and Commissioner Legal, Licencing and Compliance, Dafe Akpeneye 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.

The circular which was dated September 5, said the new price was to ensure a fair and reasonable pricing of meters to 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 can provide meters to end-use customers in the prevailing economic realities.”

[SA]