Tough days ahead for Nigerians as FG hikes prices of electricity meters

Tough days ahead for Nigerians as FG hikes prices of electricity meters

Yusuf Boluwatife

The Federal Government has raised the unit cost of both single-phase and three-phase electricity meters beginning from November 15, 2021.

This was contained in a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission (NERC) and 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.

According to the NERC, “This price review is subject to change upon conclusion of the procurement process under phase 1 of the National Mass Metering Program. The price is effective from 15th November 2021.”

The body also added that all the costs are exclusive of Value Added Tax (VAT).

editor

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