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BREAKING: FG increases prices of prepaid meters
Modupe Shodeinde
The Federal Government has made known an increase in the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021.
Nigerians will pay an additional N13,766 and N26,829 to get single-phase and three-phase pre-paid meters from the eleven Distribution Companies, DISCOs.
Nigerian Electricity Regulatory Commission announced the increase via a circular addressed to managing directors, all electricity distribution companies 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’.
In the document, 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
