The Eko Electricity Distribution Company (EKEDC) has announced new pricing for an increase for prepaid metres installed under the Metre Asset Provider (MAP).
The new pricing included the costs for single-phase and three-phase meters from six different MAP vendors
In a statement posted on its official X account, EKEDC revealed that the cost of prepaid meters has been set between N129,000 and N247,000, depending on the vendor and the type of meter.
This is an increase from the previous prices of N118,698 to N240,000.
MAPs are companies licensed by the Nigerian Electricity Regulatory Commission (NERC) to procure and install meters for customers of Electricity Distribution companies.
The statement from EKEDC reads:
Meanwhile, EKEDC has urged customers without prepaid meters to register to eliminate estimated billing.
Rekhiat Momoh, the acting chief executive officer of EKEDC, made this appeal during a customer engagement forum at the Ijora Business Unit in Lagos, which serves areas such as Otto, Iganmu, Ijora, Alaka, Iponri, Ebute Metta, Adekunle, Iwaya, Otto, Onike, Surulere, Yaba, and Ajegunle.
TimesNow.com.ng reported that the Nigerian Electricity Regulatory Commission (NERC) announced that the currency rate used to determine Band A consumers’ current electricity cost had been lowered by 16.03%.
NERC cited this in its released Multi-Year Tariff Order (MYTO).
The electricity regulator consequently said it slashed the rate from N1,463.3/$ to N1,277.8/$ due to the appreciation of the naira against the dollar in the past month.
Source: TimesNow.com.ng
