See What FG Just Did to Prices Of Electricity Meters

See What FG Just Did to Prices Of Electricity Meters

The Nigerian Government has raised the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021, according to The PUNCH.

It announced this in a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission and addressed to managing directors, all electricity distribution companies and all meter asset providers.

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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.

Details to come…

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