The Federal Government has announced that the cost of both single-phase and three-phase electricity meters would increase from November 15, 2021.

The announcement was contained in a circular dated Thursday, November 11, 2021, issued by the Nigerian Electricity Regulatory Commission and addressed to Managing Directors all Electricity Distribution Companies, and all Meter Asset Providers.

In the document entitled ‘Review of the Unit Price of End-Use Meters Under the Meter Asset Provider and National Mass Metering Regulations’, the Regulator raised the price of a single-phase meter from the current cost of ₦44, 896.17 to a revised price of ₦58, 661.69.

It also increased the price of a three-phase meter from the current cost of ₦ 82, 855.19 to a revised rate of ₦109, 684.36.