Electricity Distribution Companies (DisCos) in Nigeria have announced new pricing for various models of electricity meters, marking the second price increase within four months.
Gatekeepers News reports that the cost of a single-phase meter, according to the DisCos, has increased significantly, now ranging from approximately N117,000 to as much as N149,800.
The final price varies depending on the specific distribution company and the chosen meter vendor.
These new prices are set to take effect on Tuesday, November 5, 2024, and are a result of the deregulation of Meter Asset Providers (MAP) as mandated by the Nigerian Electricity Regulatory Commission (NERC).
This latest adjustment follows an earlier rise in prices in August 2024, raising ongoing concerns among electricity consumers regarding affordability and accessibility to electricity services.
Meter prices differ across various DisCos and are influenced by the specific vendors and types of meters offered, including both single-phase and three-phase options.
Below are the updated average meter prices, inclusive of VAT:
Eko DisCo:
Single Phase Meter: N135,987.5 – N161,035
Three Phase Meter: N226,600 – N266,600
Ibadan DisCo:
Single Phase Meter: N130,998 – N142,548
Three Phase Meter: N226,556.25 – N232,008.04
Abuja DisCo:
Single Phase Meter: N123,130.53 – N147,812.5
Three Phase Meter: N206,345.65 – N236,500
Kano Electricity:
Single Phase Meter: N127,925 – N129,999.75
Three Phase Meter: N223,793 – N235,425
Kaduna DisCo:
Single Phase Meter: N131,150 — N142,548.94
Three Phase Meter: 220,375 — N232,008.04
