Electricity Distribution Companies (DisCos) in Nigeria have once again raised prices for various types of prepaid electricity meters from approximately N117,000 to as high as N149,800, depending on the distribution company and meter supplier.
The latest price revision is the second increase in less than four months.
In various messages sent to customers, DisCos said the new prices took effect on Tuesday, November 5, 2024.
In August, TimesNow.com.ng reported that a prepaid meter cost an average of N124,700.
Price adjustment is part of the ongoing deregulation of Meter Asset Providers (MAP), as mandated by the Nigerian Electricity Regulatory Commission (NERC), allowing DisCos to adjust prices in line with market forces.
Checks by TimesNow.com.ng showed that the the new prices vary across the different DisCos, influenced by factors such as meter type (single-phase vs. three-phase) and the specific vendors involved.
The updated prices are as follows:
Eko DisCo:
Single-Phase Meter: N135,987.5 – N161,035
Three-Phase Meter: N226,600 – N266,600
Ibadan DisCo:
Single-Phase Meter: N130,998 – N142,548
Three-Phase Meter: N226,556.25 – N232,008.04
Abuja DisCo:
Single-Phase Meter: N123,130.53 – N147,812.5
Three-Phase Meter: N206,345.65 – N236,500
Kano Electricity:
Single-Phase Meter: N127,925 – N129,999.75
Three-Phase Meter: N223,793 – N235,425
