KEY POINTS
- Ikeja Electric has introduced new prepaid meter prices effective 6 August 2025, covering both single-phase and three-phase units.
- Approved suppliers posted varied pricing, with single-phase meters ranging from about ₦133,300 to ₦150,500 and three-phase meters from ₦219,497 to ₦258,000.
- The company says the adjustments reflect updated MAP-approved rates and aims to improve transparency despite ongoing supply and cost pressures.
Ikeja Electric has announced a fresh round of price adjustments for prepaid meters, introducing higher tariffs that take effect from 6 August 2025. The update covers both single-phase and three-phase meters and includes value-added tax, marking the latest shift in the company’s Meters Asset Provider scheme.
The distribution company disclosed the new figures on its official X account on Friday, saying the revised prices reflect approvals granted to its certified meter suppliers. It also noted that the tariffs remain dependent on meter availability, a recurring issue in the sector as demand continues to outstrip supply.
In its breakdown, Ikeja Electric listed several providers with updated charges. MBH Power’s single-phase meter is now priced at ₦135,987.50, while its three-phase option comes in at ₦226,825.00. Turbo Energy’s meters stand slightly higher, with ₦145,608.75 for single-phase and ₦236,903.13 for three-phase units.
Aries Electric is offering its single-phase device at ₦145,125.00, with the three-phase variant rising to ₦258,000.00. Mojec’s single-phase meter is listed at ₦135,718.75 and its three-phase counterpart matches MBH’s ₦226,825.00 price point.
Paktim Metering Nigeria has set its single-phase meter at ₦137,600.00 and the three-phase at ₦233,275.00. Holley Metering posted one of the lower prices at ₦133,854.03 for single-phase units, and ₦219,497.09 for the three-phase version. CIG Metering’s single-phase meter climbed to ₦150,500.00, while New Hampshire Capital placed its single-phase meter at ₦133,300.00 and its three-phase at ₦231,125.00.
Distributor says tariffs reflect approved MAP pricing
Ikeja Electric said the adjustments are aimed at making cost information more transparent for customers and ensuring that prices remain aligned with the most recent approvals granted under the national Meter Asset Provider framework.
The scheme, introduced to bridge Nigeria’s persistent metering gap, allows accredited firms to manufacture and install meters at approved rates.
The company added that it is committed to ensuring customers have clear and accessible information as the utilities sector continues to face challenges linked to inflation, currency depreciation and rising import costs for electrical components.
The new tariff structure is expected to feed into broader reforms shaping Nigeria’s distribution landscape in the coming months.
