Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months.

According to the Discos, the cost of a single-phase meter has risen from approximately 117,000 naira to as much as 149,800 naira

The new prices posted on the official X handle of the Discos were scheduled to take effect on Tuesday, November 5, 2024.

It also reflects the deregulation of meter asset providers as directed by the Nigerian Electricity Regulatory Commission.