FG increases electricity tariffs

by Oluwatobi Tedunjaiye

The Federal Government on Friday, announce an increase in price of both single-phase and three-phase electricity meters beginning with effect from November 15, 2021.

This was announced in a circular with reference number NERC/REG/MAP/GEN/751/2, entitled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’.

As stated in the circular, the tariff of a single-phase meter has been increased from the current cost of N44,896.17 to a revised price of N58,661.69.

The tariff of the three-phase meter on the hand, went up from the current cost of N82,855.19 to a revised rate of N109,684.36.


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