November 06, (THEWILL) – The Nigerian Electricity Regulatory Commission (NERC) has approved new prices for prepaid meters, marking the second price hike in four months.
The new hike is however subject to each Electricity Distribution Company (DisCo) following the deregulation of Meter Asset Providers (MAP).
Effective Tuesday, November 5, 2024, the cost of a single-phase meter, increased from about N117,000 to N149,800, depending on each DisCo.
For Eko DisCo, Single Phase Meter costs between N135,987.5 and N161,035, while Three Phase Meter now sells between N226,600 and N266,600.
Ibadan DisCo sells Single Phase Meter within the range of N130,998 and N142,548, while Three Phase Meter is available at N226,556.25 and N232,008.04
For Abuja DisCo, customers can buy Single Phase Meter for N123,130.53 and N147,812.5; Three Phase Meter can be obtained from N206,345.65 and N236,500.
Similarly, Kano Electricity has increased its meter rates which now sell between N127,925 – N129,999.75 for Single Phase Meter and the range of N223,793 – N235,425 for Three Phase Meter.
The situation is the same with Kaduna DisCo where the Single Phase Meter now goes for the range of N131,150 and N142,548.94 while the Three Phase Meter is now between N220,375 and N232,008.04.
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