The Nigerian Power Regulatory Commission (NERC) has increased the price of pre-paid electricity meters in the country.
This was contained in a circular signed and dated 5 September 2023.
The circular was signed by the commission’s Chairman and Commissioner of Legal, licensing, and Compliance, Sanusi Garba and Dafe Akpeneye, respectively.
By the circular, a single phase pre-paid meter will now cost N81,975.16k from N58,661.69k.
Three phase pre-paid meters will now cost N143,836.10k from N109,684.36k.
The circular said the new price was set to guarantee that electricity meters were priced fairly and reasonably for both MAPs and end-user 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 are able to provide meters to end-use customers in the prevailing economic realities.”
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