From November 15, 2021, electricity consumers will pay between 30.6 per cent and 32.3 per cent respectively as the Federal Government would jack up the cost of both single-phase and three-phase electricity meters.
A circular dated November 11, 2021, and signed by the ’by the Nigerian Electricity Regulatory Commission’s Chairman, Sanusi Garba, stated that the new prices were exclusive of Value Added Tax (VAT).
The circular, with reference number NERC/REG/MAP/GEN/751/2, was entitled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’.
”The price of a single-phase meter has been increased from the current cost of N44,896.17 to a revised price of N58,661.69.
”The price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36 was was addressed to managing directors of all electricity Distribution Companies (Discos) and all Meter Asset Providers (MAP),” the circular added.
