- The power regulatory agency in Nigeria has finally approved an upward review of the cost of metres in the country
- This means Nigerians will now pay N82k as opposed to the previous 59k for a single-phase metre
- NERC stated that the new price was to ensure fair and reasonable pricing of metres to parties involved
The price of pre-paid power metres in the nation has increased following approval from the Nigerian Power Regulatory Commission (NERC).
This is coming after speculations of a 40% tariff hike by electricity distribution companies (DisCos). The DisCos had claimed they made over 40% losses due to escalating petrol prices, fluctuating exchange rates, and other economic conditions.
