FG increases price of electricity meters

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The FG has announced an increase in the prices of single-phase and three-phase pre-paid electricity meters in the country.

In a circular signed and dated, September 5th 2023 by the NERC Legal, Licencing and compliance, Sanusi Garba and Dafe Akpeneye, respectively.

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.

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Declaring that the price changes will take effect from September 6, 2023, the circular 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 & 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.


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