{"id":40759,"date":"2020-06-12T17:30:42","date_gmt":"2020-06-12T16:30:42","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=40759"},"modified":"2020-06-12T17:30:42","modified_gmt":"2020-06-12T16:30:42","slug":"ikeja-electric-increases-cost-of-prepaid-meters-by-19-6","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ikeja-electric-increases-cost-of-prepaid-meters-by-19-6\/","title":{"rendered":"Ikeja Electric Increases Cost Of Prepaid Meters By 19.6 %"},"content":{"rendered":"

\u2026 <\/strong><\/em>Customers to pay N89,063.33 for three-phase meter, N48,263.37 for Single-phase<\/strong><\/p>\n

Ikeja Electricity Distribution Company (IE)\u00a0has announced a hike in the prices\u00a0of meters sold to customers under the Meter Asset Provider (MAP) scheme by 17 to 19 percent and retrogressively backdated its effectiveness to June 1.<\/p>\n

The DisCo, in a notice on its Twitter account on Thursday,\u00a0 said the review was in compliance with the directive of the Nigerian Electricity Regulatory Commission (NERC).<\/p>\n

It said the review was to reflect the recent changes in Foreign Exchange rate by the Central Bank of Nigeria (CBN).<\/p>\n

The DisCo said customers are now expected to pay N89, 063.33 (VAT inclusive) for a three-phase meter against the former cost of N72, 085.68 which is an increase of 19. 6 per cent.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

It said single-phase meter had risen to N48, 263.37 (VAT inclusive), a 17.6 per cent increment from the former price of N39, 765.86.<\/p>\n

The NERC had on June 4 approved the increment, according to a public notice on its website.<\/p>\n

\u201dIn arriving at the approved unit costs, the commission has considered the recent changes in foreign exchange approved by the Central Bank of Nigeria and the applicable rates available to importers of meter components and\/or fully assembled meters through the \u201cInvestors and Exporters\u201d forex window.<\/p>\n

\u201cThe effective date of the new rates is June 1, 2020,\u201d NERC said in the notice.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ikeja Electricity Distribution Company (IE)\u00a0has announced a hike in the prices\u00a0of meters sold to customers under the Meter Asset Provider (MAP) scheme by 17 to 19 percent and retrogressively backdated its effectiveness to June 1.<\/p>\n","protected":false},"author":6,"featured_media":40760,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[7052,7053,7054],"coauthors":[2391],"class_list":["post-40759","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-ikeja-electricity-distribution-company-ie","tag-meter-asset-provider-map-scheme","tag-nigerian-electricity-regulatory-commission-nerc"],"yoast_head":"\nIkeja Electric Increases Cost Of Prepaid Meters By 19.6 % - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/ikeja-electric-increases-cost-of-prepaid-meters-by-19-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ikeja Electric Increases Cost Of Prepaid Meters By 19.6 % - 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