Festus Odeh
Consumers may have to brace themselves to pay a little more for their meter models as for the second time in barely four months, Electricity Distribution Companies, DisCos, on Tuesday notified the public, in its official social media handle X, of an increase in the price of various electricity meter models.
DisCos announced a rise in the cost of a single-phase meter from about N117,000 to almost N150,000, an additional about N33,000, depending on the meter model.
The increment will take effect from November 5, 2024.
Recall that the last increase was in August, 2024, with the meter prices varying across DisCos, and largely dependent on meter models and their vendors.
It also reflected the deregulation of meter asset providers as directed by the Nigerian Electricity Regulatory Commission, NERC.
Eko DisCo pegged the price of its Single Phase Metre between N135,987.5 and N161,035, while a Three Phase Metre was pegged between N226,600 and N266,600.
Ibadan DisCo said customers will pay between a range of N130,998 and N142,548 for a single-phase meter and N226,556.25–NN232,008 for a three-phase meter.
Customers under Abuja DisCo will pay N123,130.53–NN147,812.5 for single-phase meters and N206,345.65–NN236,500 for three-phase meters.
Kano Electricity Distribution said its customers will pay N127,925–N129,999 for a single-phase metre and N223,793–NN235,425 for a three-phase meter.
Kaduna DisCo said N131,150—N142,548.94 would be paid for single-phase meters and N220,375—N232,008.04 three-phase meters.