A 145% price increment for pre-paid meters has been imposed on Nigerians between 2021 and 2023 by the Federal Government through the Nigerian Electricity Regulatory Commission (NERC).
It was gathered that NERC has implemented two price increases for single-phase and three-phase pre-paid meters during the period under review.
This has resulted in an 83% and 145% increase in their prices, respectively. The Meters Asset Provider (MAP) scheme, which enables third-party financing of meters across the country, has been affected by this increase.
It was observed that the price of single-phase meters has risen from N44,896.17 in 2021 to N81,975.16 in 2023, while three-phase meters have increased from N82,855.19 in 2021 to N143,836.10 in 2023.
Leave a Reply