NERC claims the new pricing ensures fair and reasonable prices for both MAPs and end-users in the prevailing economic realities.
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday approved the increment of the prepaid electricity metres across the country.
NERC announced the hike via a circular on September 5 signed by its chairman and commissioner for legal, licensing and compliance, Sanusi Garba and Dafe Akpeneye, respectively.
For the new pricing, the cost for a single-phase prepaid metre was increased by N23,314 from the previous N58,661 to N81,975. Also, N34,152 was added to the price for three-phase prepaid meters, an increase from N109,684 to N143,836.