The federal government has increased the cost of both single-phase and three-phase electricity meters, effective November 15, 2021.
The development is contained in a circular dated November 11, 2021 by the Nigerian Electricity Regulatory Commission (NERC) and addressed to managing directors, all electricity distribution companies and all meter asset providers.
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According to the circular, with reference number NERC/REG/MAP/GEN/751/2, the price of a single-phase meter has increased from the current cost of N44,896.17 to 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.
