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NERC Increases Prices Of Electricity Meters

November 12, 2021
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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.

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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.

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Kayode Shopekan

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