The Nigerian Electricity Regulatory Commission (NERC) has approved the increment of the prepaid electricity meters in the country.
NERC announced the increment in a circular on September 5 signed by its Chairman and commissioner for legal, licensing and compliance, Sanusi Garba and Dafe Akpeneye, respectively.
Under the new pricing, the cost for a single-phase prepaid meter was increased by N23,314, from N58,661 to N81,975. Also, N34,152 was added to the price for three-phase prepaid meters increased by N34,152, from N109,684 to N143,836.
NERC stated that the new pricing ensures fair and reasonable prices for both MAPs and end-users in the prevailing economic realities.
The statement read: “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.”
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