Ikeja Electric has announced an approved price increase for single-phase and three-phase prepaid meters.
The increase is expected to be implemented by all electricity distribution companies (DisCos).
In a notice shared with its customers on Wednesday, August 8, 2024, Ikeja Electric stated that all prices are valid subject to meter availability.
According to the company, a single-phase pre-paid meter will now cost an average of N124,700, up from the previous price of N118,357 announced in July.
Nigerians in need of three-phase pre-paid meters will pay an average of N213,387, up from the previous rate of N206,722.
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In an earlier circular, TheNGblog reported that the Nigerian Electricity Regulatory Commission (NERC) promised to guarantee that metres were priced fairly and reasonably for both MAPs and end-use customers.
The circular reads:
“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.”
