Grapevine

Consumers fault Discos as meter price hits N147,000

The PUNCH reports that after months of shutting down their meter application portals, some Discos over the weekend came out with the reviewed prices of the product.

The hiked prices followed the deregulation of meter sales by the Nigerian Electricity Regulatory Commission, giving room for vendors and buyers to sell meters at prices convenient to both sides.

With the deregulated meter prices, a single-phase meter rose from N88,000 to an average of N147,000, depending on the vendor. This is about a 67 per cent increase for a single-phase meter.

In a notice to its customers, the Eko Electricity Distribution Company said the new meter prices were in line with the Nigerian Electricity Regulatory Commission’s Order on Deregulation of meter prices for the Meter Asset Providers Scheme.

According to the EKEDC, electricity meters from Quantum Manufacturing and Metering Solution Limited are N127,601.26 for one phase, and N231,895.99 for a three-phase.