Nigerian Electricity Companies Raise Meter Prices
Nigeria’s Electricity Distribution Companies (DisCos) have raised the prices for various electricity meter models, marking the second increase within four months.
According to DisCos, the price of a single-phase meter has risen from around ₦117,000 to up to ₦149,800.
This adjustment, depending on the distribution company and meter vendor, represents an increase of 28.03% or ₦32,800.
The new prices, published on the DisCos’ official X accounts on Wednesday, were scheduled to take effect from Tuesday, November 5, 2024.
This hike aligns with the deregulation of meter asset providers as directed by the Nigerian Electricity Regulatory Commission (NERC).
This revision follows an earlier price increase in August 2024, raising concerns among consumers about the affordability and accessibility of metering services.
A review of the documents shows that meter prices vary among DisCos due to differences in vendors and meter types (single-phase and three-phase).
– Eko DisCo priced its single-phase meters between ₦135,987.50 and ₦161,035, while three-phase meters are listed between ₦226,600 and ₦266,600.
– Ibadan DisCo set single-phase meters at ₦130,998 to ₦142,548, and three-phase meters range between ₦226,556.25 and ₦232,008.
– Abuja DisCo charges ₦123,130.53 to ₦147,812.50 for single-phase meters and ₦206,345.65 to ₦236,500 for three-phase meters.
– Kano DisCo lists single-phase meters between ₦127,925 and ₦129,999, while three-phase meters cost between ₦223,793 and ₦235,425.
– Kaduna DisCo prices single-phase meters from ₦131,150 to ₦142,548.94 and three-phase meters from ₦220,375 to ₦232,008.04.
