The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in the price of pre paid electricity meters in the country.

A circular signed by the commission’s Chairman and Commissioner Legal, Licencing and compliance, Sanusi Garba and Dafe Akpeneye, indicated that the single phase pre paid meter would now cost N81,975.16k from the N58,661.69k.

A three phase pre paid meters is increased to N143,836.10k from N109,684.36k.

The circular said the new price was to ensure a fair and reasonable pricing of meters to both MAPs and end-use customers.

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