FG Increases Prices of Pre-paid Meters

Prices of Pre-paid Meters

FG has increased the prices of pre-paid meters.

Angeladaviesblog reports that beginning from Monday, November 15, Nigerians will pay an additional N13,766 and N26,829 to get single-phase and three-phase pre-paid meters from the 11 Distribution Companies, DISCOs.

This online platform understands that according to a circular issued Friday in Abuja by the Nigerian Electricity Regulatory Commission (NERC), 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.

NERC announced the increment via a circular dated November 11, 2021, and addressed to Managing Directors, all electricity Distribution Companies, DISCOs and all meter asset providers.

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