The Nigerian Electricity Regulatory Commission (NERC) has said that it is considering increasing the price of prepaid meters in the coming days.
The commission blamed the proposed increase on the high cost of production faced by meter manufacturers.
VOP NEWS understands that the manufacturers have ceased issuing invoices to Distribution Companies (Discos) in anticipation of an upward price revision by the NERC.
According to them, the increase in prices is directly related to the foreign exchange crisis affecting the economy, leading to increased production costs and inflationary pressures on manufacturers.
Recall that in September 2023, NERC reviewed the price of prepaid meter in a circular marked NERC/2023/020, and jointly signed by Sanusi Garba, the commission’s chairman ’and Dafe Akpeneye, its commissioner, legal, licencing, and compliance.
