News
NERC Approves N81,975, N143,836 For Meters
The Nigerian Electricity Regulatory Commission (NERC) has increased the price of a single phase meter from N58,661.69 to N81,975.16.
Also, it increased the price of the three phase meter from N109,684.36 to N143,836.10.
The adjustments are contained in a directive by the commission’s chairman, Sanusi Garba, and Commissioner Legal and Licensing Compliance, Dafe Akpeneye.
It was titled: “The deregulation of meter prices for meters deployed under the Meter Asset Provider Scheme.”
NRRC said the Meter Asset Provider and National Mass Metering Regulations would account for the metering of end-use customers of successor electricity distribution licensees (“DisCos”).
Section 8(1 )(c) of the regulations provides that “the cost of single phase and three phase meters for MAPs, inclusive of all other associated costs of installation and warranties, shall continue to be at the regulated rates approved by the commission”.
The agency said the Meter Asset Providers (MAPs) and Local Meter Manufacturers Associations (LMMAs) have requested for a further review of meter prices in
consideration of significant changes in NGN/USD foreign exchange and inflation rates since the last price review in September 2023.
It pointed out that significant changes in these macroeconomic variables have constrained their ability to supply meters at the approved regulated price.
NERC said it has considered the need for the efficient pricing of meters to respond more quickly to changes in macroeconomic parameters, particularly exchange rates.
-
Crime4 weeks ago
Unknown Gunmen Kill Babcock Law Professor, Abduct Two Others In Ogun
-
News2 weeks ago
Fracas At Osun Workers Day Rally As Two Factions Of NULGE Clash
-
News3 weeks ago
Gov. Adeleke Approves Dissolution of CDC Excos At All Levels of Govt
-
News3 weeks ago
Two die in Osun Road Accident
-
News1 week ago
Specialised Medical Universities Must Bridge Performance Gaps in Healthcare Delivery – Emeritus Professor
-
Crime3 weeks ago
Report Cases of Illegal Firearms, Weapons – Centre Charges Corps Members
-
News2 weeks ago
Eko-Ende ‘ll Witness Maximum Potentials’ Utilisation During My Reign – New Elende, Oba Adekunle
-
Crime4 weeks ago
Armed Robbery: Court Sentences Two To Death