- Electricity Distribution Companies (DisCos) raise meter prices by 28.03%
- Second price hike in four months, effective November 5, 2024
- Single-phase meter prices now range from N117,000 to N149,800
- Meter prices vary across DisCos, influenced by vendors and meter models
- Deregulation of meter asset providers aimed at increasing transparency and competition
Nigeria’s Electricity Distribution Companies (DisCos) have announced a significant price hike for electricity meters, marking the second increase in just four months. The cost of a single-phase meter has jumped from about N117,000 to as high as N149,800, representing a 28.03% or N32,800 increase ¹. This change took effect on November 5, 2024, and reflects the deregulation of meter asset providers as directed by the Nigerian Electricity Regulatory Commission (NERC) ¹ ²[3).
Meter Prices by Distribution Company:
Eko Disco: Single-phase meters cost between N135,987.5 and N161,035, while three-phase meters cost between N226,600 and N266,600.
Ibadan Disco: Customers will pay between N130,998 and N142,548 for single-phase meters, and between N226,556.25 and N232,008 for three-phase meters.
Abuja Disco: Single-phase meters cost between N123,130.53 and N147,812.5, while three-phase meters cost between N206,345.65 and N236,500.
Kano Electricity Distribution: Prices range from N127,925 to N129,999 for single-phase meters, and from N223,793 to N235,425 for three-phase meters.
Kaduna Disco: Single-phase meters cost between N131,150 and N142,548.94, while three-phase meters cost between N220,375 and N232,008.04.
This price hike has sparked concerns about affordability and accessibility among electricity consumers. The deregulation of meter prices under the Meter Asset Provider (MAP) scheme aims to address issues surrounding meter supply and pricing transparency within the electricity sector.
