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The Nigerian Electricity Regulatory Commission (NERC) has increased the cost of electricity meters payable through the Meter Assets Programme (MAP).
This was contained in an order issued by the NERC Chairman, Engr. Sanusi Garba, and the Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye, on Tuesday, September 5, 2023.
The commission increased the price of single phase meters by N23,313.47 or 39.74 per cent from N58,661.69 to N81,975.16.
The price for three phase meters was also increased by N34,151.74 or 31.13 per cent from N109,684.36 to N143,836.10.
The NERC hinged the increment on “significant changes in macroeconomic indicators, such as inflation and changes in the foreign exchange rates.”
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