Abuja – Federal Government of Nigeria has increased the cost of single-phase and three-phase electricity meters effect from November 15, this year.
Punch reported that this was disclosed in a circular dated November 11, 2021, by the Nigerian Electricity Regulatory Commission (NERC).
The statement was addressed to managing directors, all 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’.
The price of a single-phase meter has increased from the current cost of N44,896.17 to a rate of of N58,661.69.
The corporation also increased the price of a three-phase meter from N82,855.19 to a rate of N109,684.36.