Abuja, April 30, 2024 – The Nigerian Electricity Regulatory Commission (NERC) has increased electrify tariffs again, less than a month after it did so.
The new rates were announced through a directive jointly signed by Sanusi Garba, the NERC Chairman, and Dafe Akpeneye, the NERC Commissioner (Legal and Licensing Compliance).
According to the directive, a single phase power meter has gone up N58,661.69 from to N81,975.16, while a three phase has risen from N109,684.36 to N143,836.10.
The NERC said the Meter Asset Provider (MAP) and National Mass Metering Regulations (NMMR) would account for the metering of end-use customers of successor electricity distribution licencees (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 NERC said the Meter Asset Providers (MAPs) and Local Meter Manufacturers Associations (LMMAs) requested the rate review because of changes in naira/dollar foreign exchange (forex) and inflation rates since the last rate review in September 2023. (GBN)
It said significant changes in these macroeconomic variables have constrained their ability to supply meters at the approved regulated price.
NERC said it had considered the need for the efficient pricing of meters to respond more quickly to changes in macroeconomic parameters, particularly exchange rates.
“The cost of prices of meters deployed under the MAP scheme is hereby deregulated to enable end-use customers to acquire meters from MAPs of their choice based on competitive open market prices determined from transparent bidding frameworks,” the NERC said.
“All MAP permit holders are subsequently eligible to provide services and transact for the provision of meters and metering services with any Disco in the Federal Republic of Nigeria with their existing permit.
“The lifting of the restriction on permitting to operate in all Discos is subject to the mandatory requirement for MAPs to comply with the associated Disco-specific requirements/specifications.
“All Discos shall ensure the effective and seamless integration of smart meters deployed by MAPs with the Disco’s head-end systems and meter data management systems.” (GBN)
