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The federal government has declared that the cost of single-phase and three-phase electricity metres will rise beginning November 15.
This was stated in a circular released by the Nigerian Electricity Regulatory Commission on November 11, 2021. (NERC).
It was sent to all managing directors, as well as all energy distribution firms and metre 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.