The Federal Government has raised the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021.
This was announced in a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission (NERC), 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’.
The new price of a single-phase meter is now from the current N58,661.69, up from N44,896.17.
The price of a three-phase meter also jumped from the current cost of N82,855.19 to a revised rate of N109,684.36.