Electricity customers in Nigeria from this month will now pay additional 21 percent on the cost of single-phase meters while customers requesting for three-phase meters will endure a 23percent price increase according new rules released by the electricity sector regulator.
In a letter to the DisCos and Meter Asset providers The Nigerian Electricity Regulatory Commission (NERC) said that the price of single-phase meters is now N44896.17 rather the previous N36,991.50 and customers applying for three phase meters will now pay N82,855 instead of N67,055.
“In arriving at the approved unit costs, the commission has considered the recent changes in foreign exchange approved by the Central Bank and the applicable rates available to importers of meter components and/or fully assembled meters through the “Investors and Importers” forex window,” NERC said.
This takes effect from June 1, 2020 and NERC also said it is implementing a second round of Meter Asset Providers
Isaac Anyaogu is an Assistant editor and head of the energy and environment desk. He is an award-winning journalist who has written hundreds of reports on Nigeria’s oil and gas industry, energy and environmental policies, regulation and climate change impacts in Africa. He was part of a journalist team that investigated lead acid pollution by an Indian recycler in Nigeria and won the international prize - Fetisov Journalism award in 2020.
Mr Anyaogu joined BusinessDay in January 2016 as a multimedia content producer on the energy desk and rose to head the desk in October 2020 after several ground breaking stories and multiple award wining stories. His reporting covers start-ups, companies and markets, financing and regulatory policies in the power sector, oil and gas, renewable energy and environmental sectors
He has covered the Niger Delta crises, and corruption in NIgeria’s petroleum product imports.
He left the Audit and Consulting firm, OR&C Consultants in 2015 after three years to write for BusinessDay and his background working with financial statements, audit reports and tax consulting assignments significantly benefited his reporting.
Mr Anyaogu studied mass communications and Media Studies and has attended several training programmes in Ghana, South Africa and the United States
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