National

Federal Govt Increases Price Of Electricity Meters

 

VOICE AIR MEDIA

THE Nigerian Electricity Regulatory Commission (NERC) has approved an upwards price increase in the price of pre paid electricity meters in the country.

In a circular signed and dated 5 September 2023 by the commission’s Chairman and Commissioner Legal, Licencing and compliance, Sanusi Garba and Dafe Akpeneye, respectively, it stated that a single phase pre paid meter would now cost N81,975.16k from the N58,661.69k while three phase pre paid meters is increased to N143,836.10k from N109,684.36k.

The circular said the new price was to ensure a fair and reasonable pricing of meters to both MAPs and end-use customers.

“Ensure MAP’s ability to recover reasonable costs associated with meter procurement and maintenance while ensuring that their pricing structure allows for a viable return on investment. Evaluate the affordability of meter services for consumers, aiming to prevent excessive pricing that could burden end-users. Ensure that MAPs are able to provide meters to end-use customers in the prevailing economic realities.

VAM News

Recent Posts

Worker murdered inside Govt house, prime suspect arrested

News Update THE Gombe State Police Command has arrested a 19-year-old casual worker, Shuaibu Adamu,…

18 hours ago

“Dying Lawmaker”, Accord Slams Wole Oke Over Fraudulent Plot To Mislead INEC

The Osun State Chapter of the Accord has observed with utter disdain, a crude, desperate…

22 hours ago

AFCON 2025: Four European clubs react as Nigeria qualify for next round

At least four European clubs have reacted to Nigeria’s victory against Tunisia at the ongoing…

1 day ago

Osun Lawmaker commissions Irekandu unity motor park

....Salam, Egbedun, Sunday Bisi, Others Rally Support For Adeleke’s Re-election Beyond lawmaking, the member of…

1 day ago

Popular nollywood actress dies at 43

Nollywood actress and producer, Allwell Ademola, has died on Saturday, December 27, 2025. The actress…

2 days ago

Osun Govt, APC Bicker Over Billboard Display

News Update THE Osun State Government and the All Progressives Congress (APC) have traded words…

2 days ago