The Federal Government today confirmed an increase in the price of electric prepaid meters. The increase applies to both the single-phase and three-phase electricity meters
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Notice for the increase in the price of electric meters was passed in a circular dated November 11, 2021, which was issued by the Nigerian Electricity Regulatory Commission,
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It states that the price of a single-phase meter has been increased from the current cost of ₦44,896.17 to a revised price of ₦58,661.69. While the price of three-phase meter from the current cost of ₦82,855.19 to a revised rate of ₦109,684.36.
According to the circular, the new prices are mandated to take effect from the 15th of November 2021.