How Much is a Prepaid Meter in Nigeria (2023)

In Nigeria, prepaid meters are used to measure and record electricity usage in households and businesses. Prepaid meters allow customers to pay for their electricity usage in advance, rather than receiving a monthly bill. This system provides customers with more control over their electricity consumption and helps to reduce the risk of accumulating large unpaid bills.

As of 2022, the cost of a prepaid meter in Nigeria varies depending on the manufacturer, the type of meter, and the location of the installation. The Nigerian Electricity Regulatory Commission (NERC) has set the maximum price for a single-phase prepaid meter at NGN 38,050 (about USD 100) and the maximum price for a three-phase prepaid meter at NGN 76,100 (about USD 200). These prices are the maximum allowable by law and may not necessarily reflect the actual cost of a prepaid meter in the market.

The cost of installing a prepaid meter can also vary depending on the location and the distance of the meter from the nearest distribution substation. In general, the cost of installing a prepaid meter ranges from NGN 10,000 to NGN 25,000 (about USD 25 to USD 65). Some electricity distribution companies may offer discounts or subsidies for the installation of prepaid meters, particularly for low-income households.

In addition to the cost of the meter and the installation, customers may also be required to pay a security deposit and a connection fee. The security deposit is typically equal to the cost of the meter and is refundable upon disconnection or termination of service. The connection fee is a one-time charge that covers the cost of connecting the meter to the electricity grid.

There are several options available for purchasing and installing a prepaid meter in Nigeria. Customers can purchase a prepaid meter directly from the manufacturer or from an authorized distributor.

 

Alternatively, customers can also purchase a prepaid meter from an electricity distribution company or from a third-party provider. Some electricity distribution companies offer prepaid meter installations as part of their service and may also provide financing options for customers who are unable to pay the full cost upfront.

In conclusion, the cost of a prepaid meter in Nigeria varies depending on the type of meter, the manufacturer, and the location of the installation. The maximum price for a single-phase prepaid meter is NGN 88,050 (about USD 100) and the maximum price for a three-phase prepaid meter is NGN 106,100 (about USD 200). The cost of installing a prepaid meter ranges from NGN 10,000 to NGN 25,000 (about USD 25 to USD 65).

 

Customers may also be required to pay a security deposit and a connection fee. There are several options available for purchasing and installing a prepaid meter in Nigeria, including purchasing directly from the manufacturer or from an authorized distributor, or through an electricity distribution company or third-party provider.

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