The Nigerian Electricity Regulatory Commission (NERC), in a move to deregulate the metre supply and pricing market, has released an order on the deregulation prices for metres deployed under the Meter Asset Provider Scheme.

According to the order, the commission said the move was necessitated after Meter Asset Providers and other operators requested a further review of metre prices in consideration of the significant changes in foreign exchange and inflation rates since NERC’s last price review in September 2023.

It said the significant changes in these macroeconomic variables had constrained the abilities of metre providers to supply metres at the approved regulated price.

As a result, NERC said it has henceforth deregulated the pricing of meters deployed under the Meter Asset Provider scheme.