Tough Times Ahead For Electricity Consumers As NERC Increases Prepaid Meter Price From N109,684 To N143,836

The Commission confirmed the increment in a circular dated 5 September 2023, and signed by its Chairman Sanusi Garba and Commissioner Legal, Licencing and compliance, Dafe Akpeneye.

According to the circular, a single phase pre-paid meter would now cost N81,975.16 from the N58,661.69 while three phase pre-paid meters has been increased to N143,836.10 from N109,684.36.
The circular said the new price which takes effect from September 6 was to ensure a fair and reasonable pricing of meters to both MAPs and end-use customers.

It said, “Pursuant to the provisions of section 8(1)(c) of the Regulations which provides that the costs of single-phase and three-phase meters for MAPs, inclusive of all other associated costs of installation and warranties shall be at the regulated rates approved by the Commission, the Commission hereby approves the following review of meter prices of MAP issued meters.

“All MAPs shall adjust their prices to reflect the approved rates. All Maps shall supply meters previously paid for by end-use customers prior to the commencement of this Order at the prevailing rate when payment was made by the customers without additional increase in cost.

“All MAPs shall continue to file monthly sales and meter installation returns with the Commission.”