NERC Increases Prices Of Electricity Meters

NATIONAL electricity Regulatory Commission has ordered Managing Directors of all Distribution Companies to increase the cost of  electricity meters beginning November 15, 2021.

NERC made the announcement via a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission and addressed to all managing directors, electricity distribution companies and all meter asset providers.

The circular, with reference number NERC/REG/MAP/GEN/751/2, was titled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations

In the document, the regulatory body 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.

Kayode Shopekan

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