DisCos roll out new meter costs

The Electricity Distribution Companies (DisCos) in Nigeria have introduced new costs for numerous electrical energy meter fashions, marking the second worth hike in 4 months.

The new costs, efficient from Tuesday November 5, 2024, exhibits the deregulation of Meter Asset Providers (MAP) as directed by the Nigerian Electricity Regulatory Commission (NERC).

According to the DisCos, the price of a single-phase meter has risen from about N117,000 to N149,800, relying on the distribution firm and meter vendor.

This current hike got here after an earlier improve in August 2024.

Kano Electricity has elevated its meter charges which now promote between N127,925 – N129,999.75 for Single Phase Meter and the vary of N223,793 – N235,425 for Three Phase Meter.

The state of affairs is similar with Kaduna DisCo the place Single Phase Meter now goes for the vary of N131,150 and N142,548.94 whereas the Three Phase Meter is now between N220,375 and N232,008.04.

In Eko DisCo, Single Phase Meter prices between N135,987.5 and N161,035 whereas Three Phase Meter now sells between N226,600 and N266,600.

Ibadan DisCo sells Single Phase Meter throughout the vary of N130,998 and N142,548 whereas Three Phase Meter is accessible at N226,556.25 and N232,008.04

For Abuja DisCo, prospects can purchase Single Phase Meter for N123,130.53 and N147,812.5; Three Phase Meter may be obtained from N206,345.65 and N236,500.

The new meter charges by hearth totally different Discos are inclusive of the Value Added Tax (VAT).