National News
BREAKING: FG Increases Prices Of Electricity Meters
Federal Government of Nigeria increases prices of electricity meters
The Federal Government has raised the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021.
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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