The Federal Government has increased the cost of both single-phase and three-phase electricity meters across the country.
The increase takes effect from November 15, 2021, according to a circular issued by the Nigerian Electricity Regulatory Commission (NERC).
The circular, addressed to managing directors, all electricity distribution companies and all meter asset providers, was dated November 11, 2021.
The communication, 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’.
NERC raised the price of a single-phase meter from the current cost of N44,896.17 to a revised price of N58,661.69.
The price of a three-phase meter was reviewed from the current cost of N82,855.19 to a revised rate of N109,684.36.
