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In a circular dated September 5, 2023 and signed by the
commission’s chairman, Sanusi Garba, and commissioner, Legal, Licencing and
Compliance, Dafe Akpeneye, a copy of which was sighted by LEADERSHIP, NERC said
a single phase prepaid meter would now cost N81,975.16 instead of N58,661.69k
while three phase prepaid meter is increased to N143,836.10k from N109,684.36k.
The commission also stated that the approved meter prices
were exclusive of the 7.5 per cent Value Added Tax (VAT).
The circular said the new price regime was to ensure a fair
and reasonable pricing of meters to both MAPs and end-use customers.
“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,” it stated.
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