BREAKING: Nigerian Govt Announce New Meter Price Hike
Electricity Distribution Companies (DisCos) in Nigeria have announced new prices for various electricity meter models, marking the second price hike in four months.
The new prices, effective from Tuesday November 5, 2024, shows the deregulation of Meter Asset Providers (MAP) as directed by the Nigerian Electricity Regulatory Commission (NERC).
According to the DisCos, the cost of a single-phase meter has risen from about N117,000 to N149,800, depending on the distribution company and meter vendor.
This recent hike came after an earlier increase in August 2024.
In Eko DisCo, Single Phase Meter costs between N135,987.5 and N161,035 while Three Phase Meter now sells between N226,600 and N266,600.
Ibadan DisCo sells Single Phase Meter within the range of N130,998 and N142,548 while Three Phase Meter is available at N226,556.25 and N232,008.04
For Abuja DisCo, customers can buy Single Phase Meter for N123,130.53 and N147,812.5; Three Phase Meter can be obtained from N206,345.65 and N236,500.
Similarly, the Kano Electricity has increased its meter rates which now sell between N127,925 – N129,999.75 for Single Phase Meter and the range of N223,793 – N235,425 for Three Phase Meter.
The situation is the same with Kaduna DisCo where Single Phase Meter now goes for the range of N131,150 and N142,548.94 while the Three Phase Meter is now between N220,375 and N232,008.04.
The new meter rates by fire different Discos are inclusive of the Value Added Tax (VAT).
