April 16, 2024

NERC set to increase prices of prepaid metres

Adebayo Obajemu

Despite the harsh economic conditions in the country, Nigerians who are yet to get the prepaid metres are expected to pay more as the Nigerian Electricity Regulatory Commission (NERC) is currently working on modalities to increase prices of prepaid meters.

A dependable source told EnergyDay in Lagos that “the cost of prepaid meters is going to go up soon. Meter Asset Providers have stop selling new meters as they await NERC to approve new prices.

“New meter applications are not being processed until the price changes are reflected.
So due to FX issues, the meter manufacturers have stopped sending invoices until the meter price is reviewed.”