fbpx
Connect with us

News

BREAKING: FG Hikes Price Of Electricity Meters

According to the circular, the new price was to ensure a fair and reasonable pricing of meters to both Meter…

Published

on

prepaid metres
Prepaid Metre

Nigerians yearning for the acquisition of pre paid electricity meters will have to pay more following the approval of an upward price increase of the device by the Nigerian Electricity Regulatory Commission (NERC).

VerseNews reports that in a circular signed and dated 5 September 2023 by the commission’s Chairman and Commissioner Legal, Licencing and compliance, Sanusi Garba and Dafe Akpeneye, respectively, a single phase pre paid meter would now cost N81,975.16k from the N58,661.69k while three phase pre paid meters is increased to N143,836.10k from N109,684.36k.

According to the circular, the new price was to ensure a fair and reasonable pricing of meters to both Meter Access Providers (Maps) and end-use customers.

Advertisement

“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,” NERC stated.

“Ensure that MAPs are able to provide meters to end-use customers in the prevailing economic realities,” it added.

Advertisement

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

Cubana Chief Priest Advises Yahaya Bello Cubana Chief Priest Advises Yahaya Bello
Celebrity Gist17 hours ago

‘No Need To Run’, Cubana Chief Priest Advises Yahaya Bello

Cubana Chief Priest advises Yahaya Bello to cooperate with the EFCC if summoned, sharing his own experience of being arraigned...

Nigeria Correctional Service Nigeria Correctional Service
Entertainment18 hours ago

Nigeria Correctional Service Clarifies Bobrisky’s Relocation From Ikoyi Prison To Kirikiri

The Nigeria Correctional Service clarified that Bobrisky remains at Ikoyi Prison, denying rumors of his relocation to Kirikiri Prison.

engagement farming engagement farming
Tech18 hours ago

Elon Musk Cracks Down On Engagement Farming On X, Threatens Suspension

Elon Musk has warned against engagement farming on the platform, threatening to suspend accounts that practice it.

NAFDAC Raids Sahad Stores NAFDAC Raids Sahad Stores
News19 hours ago

NAFDAC Raids Sahad Stores And H-Medix In Abuja, Confiscates N50m Worth Fake Cosmetics, Drugs

NAFDAC Raids Sahad Stores in Abuja, seizing counterfeit cosmetics and drugs in a series of operations across various locations.

Tunde Onakoya Tunde Onakoya
Entertainment19 hours ago

Guinness World Record: Davido Backs Nigerian Chess Master Tunde Onakoya in New York

Tunde Onakoya is receiving significant support, including from Afrobeat star Davido, as he attempts to break the Guinness World Record...

Yahaya Bello's Police Escort Yahaya Bello's Police Escort
News22 hours ago

BREAKING: IGP Withdraws Yahaya Bello’s Police Escort

IGP orders withdrawal of Yahaya Bello's police escort, citing compliance with utmost importance.

Governor Ododo Governor Ododo
Politics22 hours ago

Governor Ododo’s Move To Shield Yahaya Bello Sets A Dangerous Precedent

Governor Ododo's recent intervention to whisk former Kogi State Governor Yahaya Bello away during an ongoing investigation by the EFCC...

Yahaya Bello On Watchlist Yahaya Bello On Watchlist
Politics22 hours ago

BREAKING: FG Places Yahaya Bello On Watchlist, Immigration Alerts DSS

FG has placed Yahaya Bello on watchlist amidst allegations of N80.2 billion money laundering.

Moniepoint POS Charges Moniepoint POS Charges
Business1 day ago

Moniepoint POS Charges List

Moniepoint POS Charges List: For withdrawals, they charge 0.5% for transactions under N20,000 and a flat N100 for higher amounts.

4U supermarket 4U supermarket
News1 day ago

BREAKING: FCCPC Shuts Down Popular 4U Supermarket In Abuja

FCCPC has launched a campaign at 4U Supermarket in Wuse 2, Abuja, to enforce price display and quantity compliance.

Advertisement