The cost of single-phase and three-phase electricity meters will increase from November 15, the federal government has announced.
This was contained in a circular dated November 11, 2021 and issued by the Nigerian Electricity Regulatory Commission (NERC).
It was addressed to managing directors, all electricity distribution companies and all meter asset providers.
In the document, NERC raised the price of a single-phase meter from the current cost of N44,896.17 to a revised price of N58,661.69.
It also increased the price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36.
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