The Nigerian Electricity Regulatory Commission (NERC) has approved the increment of the prepaid electricity meters in the country.
NERC announced the increment in a circular on September 5 signed by its Chairman and commissioner for legal, licensing and compliance, Sanusi Garba and Dafe Akpeneye, respectively.
Under the new pricing, the cost for a single-phase prepaid meter was increased by N23,314, from N58,661 to N81,975. Also, N34,152 was added to the price for three-phase prepaid meters increased by N34,152, from N109,684 to N143,836.
NERC stated that the new pricing ensures fair and reasonable prices for both MAPs and end-users in the prevailing economic realities.
The statement read: “Ensure MAP’s ability to recover reasonable costs associated with meter procurement and maintenance while ensuring that their pricing structure allows for a viable return on investment.
“Evaluate the affordability of meter services for consumers, aiming to prevent excessive pricing that could burden end-users. Ensure that MAPs are able to provide meters to end-use customers in the prevailing economic realities.”
SUPPORT NIGERIAN CANADIAN NEWSPAPER CANADA
If you like our work and want to keep enjoying what we offer, kindly support us by donating to the Nigerian Canadian News by clicking here
Share your thoughts in the comments section below
Do you want to share any news or information with us? If yes, contact the publisher at publisher@nigeriancanadiannews.ca
