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NERC Increases Price Of Prepaid Electricity Meters

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The Nigerian Electricity Regulatory Commission (NERC) increased the price of both single-phase and three-phase electricity meters in the country. This was announced in a circular by the NERC and addressed to managing directors, electricity distribution companies, and meter asset providers nationwide. The circular was dated 11th November 2021 and was titled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’.

The circular reads in part, “In arriving at the approved unit price, the Commission had, in particular, only considered changes in foreign exchange and inflation since the last review of June 2020.

“This price review is subject to change upon the conclusion of the procurement process under phase one of the National Mass Metering Programme. This price review is effective from November 15, 2021”.

According to the document, a single-phase meter was selling for about N44,896.17 but will now be sold for N82,855.19 while the price of three-phase meters was N58,661.69 but will now sell for N109,684.36.