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There is impending electricity tariff hike in Nigeria following Federal Government increase in the cost of both single-phase and three-phase electricity meters .
The adjustment is expected to kick off on November 15, 2021,according to a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission and addressed to managing directors, all electricity distribution companies and all meter asset providers.
The circular, with reference number NERC/REG/MAP/GEN/751/2, was entitled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’.
Besides,NERC raised the price of a single-phase meter from the current cost of N44,896.17 to a revised price of N58,661.69.
It also adjusted the price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36.
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