Electricity Distribution Companies (DisCos) in Nigeria have increased the prices of meters, effective November 5, 2024, following a similar price hike earlier this year. The new rates have raised the cost of a single-phase meter from approximately ₦117,000 to ₦149,800, depending on the DisCo and meter vendor.

For example, Eko DisCo has set the price of a single-phase meter between ₦135,987.5 and ₦161,035, with the price of a three-phase meter ranging from ₦226,600 to ₦266,600. Other DisCos have followed suit with their own adjustments: Abuja DisCo now offers single-phase meters at ₦123,130.53–₦147,812.5, while three-phase meters range from ₦206,345.65–₦236,500. Kano DisCo prices single-phase meters between ₦127,925 and ₦129,999, with three-phase meters costing ₦223,793–₦235,425. Meanwhile, Kaduna DisCo lists single-phase meters between ₦131,150 and ₦142,548.94, and three-phase meters range from ₦220,375 to ₦232,008.04.

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This price increase follows the Nigerian Electricity Regulatory Commission (NERC) announcement earlier this year, deregulating meter prices under the Meter Asset Provider (MAP) scheme. This move allows DisCos and meter vendors to set prices based on the current economic conditions in the country, aiming to resolve ongoing issues with meter supply and pricing while enabling investments and ensuring meter availability.