THE WHISTLER

Nigerians Blast FG Over Prepaid Meters Hike To N109,684

By Ukpe Phillip

Nigerians have expressed anger over the Federal Government’s decision to raise the price of both single-phase and three-phase electricity meters beginning from November 15, 2021.

The Nigerian Electricity Regulatory Commission had announced the price hike in a circular dated November 11, 2021.

The circular was addressed to managing directors, all electricity distribution companies and all meter asset providers.

The circular with the 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.’

Prices of the single-phase meter were reviewed upwards from the current cost of N44,896.17 to a revised price of N58,661.69.

The price of a three-phase meter was raised from the current cost of N82,855.19 to a revised rate of N109,684.36.