Power Distribution companies in Nigeria has announced an increase for various electricity meter models, marking the second hike in just four months. According to the Discos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800. This amount indicates an increase of 28.03 per cent or N32,800, depending on the distribution company and meter vendor.

The new pricing structure, which went into effect on Tuesday, November 5, aligns with the Nigerian Electricity Regulatory Commission’s policy to deregulate meter asset providers. The rise in costs has sparked concerns among consumers, who are worried about their ability to afford and access meters amid the ongoing price adjustments.

This latest price increase follows a previous hike in August 2024, further raising concerns among electricity consumers regarding the affordability and accessibility of meters.

For Eko Electricity Distribution Company (Eko Disco), the cost of a single-phase meter now ranges from N135,987.50 to N161,035, while a three-phase meter is priced 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.

Under Abuja Disco, single-phase meters will cost between N123,130.53 and N147,812.50, with three-phase meters priced between N206,345.65 and N236,500.

In Kano, customers will pay between N127,925 and N129,999 for a single-phase meter, while three-phase meters will cost between N223,793 and N235,425.

Finally, Kaduna Disco has set the price for single-phase meters between N131,150 and N142,548.94, and for three-phase meters, between N220,375 and N232,008.04.

The move was targeted at addressing lingering issues surrounding meter supply and pricing transparency within the electricity sector. According to NERC’s latest order, the prices of meters within the Meter Asset Provider (MAP) scheme will be set through competitive bidding, replacing the previous centralized pricing system. This change is expected to increase competition among providers, improve cost efficiency, and enhance service delivery for consumers.

Furthermore, the deregulation allows MAP permit holders to offer metering services across all electricity distribution companies in Nigeria, removing previous operational restrictions. However, MAPs will still be required to meet regulatory standards to ensure quality and compliance in their services.