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Wednesday, Nov 6, 2024
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Reading: NERC approves a 40% price hike for metres
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NERC approves a 40% price hike for metres

David Akinyemi
David Akinyemi 11 Views

The Metre Asset Provider and National Mass Metering Regulations were adopted by the Nigerian Electricity Regulatory Commission on Tuesday, which included a 40% increase in unit costs for end-use metres.

This information was provided by NERC in a Notice order that was signed by the organization’s Chairman, Sanusi Garba, and commissioner for legal, licencing, and compliance, Dafe Akpeneye.

As a result, the cost of a single-phase metre has jumped from N58,661.69 to N81,975.16.

In addition, the cost of the three-phase metre rose from N109,684.34 to N143,836.10.

The upshot is that customers of electricity will have to pay N23,313.64 more for a single-phase meter—a 40% increment—and N34,151.76 more for a three-phase meter—a 31% more.

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