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FG Increases Price of Electricity Meter

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The Federal Government has increased the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021.

The Nigerian Electricity Regulatory Commission announced this in a circular dated November 11, 2021, and addressed it to managing directors, all electricity distribution companies and all meter asset providers.

According to the circular, the price of a single-phase meter has been raised from the current cost of N44,896.17 to a revised price of N58,661.69.

It also increased the price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36.

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