Meter Asset Providers (MAP) have increased the prices of prepaid electricity meters, marking the second price increase in barely four months.
This revision follows an earlier price increase in August 2024, deepening concerns among electricity users regarding the growing cost and availability of meters.
Under current prices, the cost of a single-phase meter has risen from approximately N117,000 to N149,800, depending on the distribution company and meter vendor.
This new pricing structure, which took effect on Tuesday, November 5, 2024, aligns with the deregulation of the MAP as mandated by the Nigerian Electricity Regulatory Commission (NERC).
The updated prices vary across the different DisCos, influenced by factors such as the meter type (single-phase vs. three-phase) and the vendors involved.
Eko DisCo: Single Phase Meter: N135,987.5 to N161,035. Three Phase Meter: N226,600 to N266,600. Ibadan DisCo: Single Phase Meter: from N130,998 to N142,548 while three Phase Meter increased from N226,556.25 to N232,008.04.
For Abuja DisCo, a Single Phase Meter which sold for N123,130.53 has been raised to N147,812.5 while the three Phase Meter previously N206,345.65 would now sell for N236,500.
