Ikeja Electric has released updated prices for prepaid meters, with the new rates taking effect from August 6, 2025. The revised prices, which include VAT, apply to both single-phase and three-phase meters under the company’s Meter Asset Provider (MAP) scheme.

The announcement was made on the electricity distribution company’s official X account on Friday.

Under the new pricing:

  • MBH Power Ltd – Single-phase: ₦135,987.50; Three-phase: ₦226,825.00
  • Turbo Energy Ltd – Single-phase: ₦145,608.75; Three-phase: ₦236,903.13
  • Aries Electric Ltd – Single-phase: ₦145,125.00; Three-phase: ₦258,000.00
  • Mojec Asset Management Company Ltd – Single-phase: ₦135,718.75; Three-phase: ₦226,825.00
  • Paktim Metering Nig. Ltd – Single-phase: ₦137,600.00; Three-phase: ₦233,275.00
  • Holley Metering Ltd – Single-phase: ₦133,854.03; Three-phase: ₦219,497.09
  • CIG Metering Assets Nigeria Ltd – Single-phase: ₦150,500.00
  • New Hampshire Capital Ltd – Single-phase: ₦133,300.00; Three-phase: ₦231,125.00

Ikeja Electric noted that the rates are “valid subject to meter availability” and reflect the latest approved prices for accredited meter providers. The company added that the changes aim to keep customers informed and ensure transparency in the procurement process.