If you’re a resident of Lagos State and you want to get a prepaid meter for your office or home, it is important for you to know the price of the meter to enable you to budget enough money for it. As a sequel to that, we’re going to answer this question: ‘’How much is a prepaid meter in Lagos?’’ in today’s guide. Stay tuned as I walk you through the guide.
In September 2023, NERC approved an increment in the price of prepaid meters in Nigeria, Lagos included. This price hike affects both single-phase and three-phase prepaid meters. According to the commission, the increment was due to an increase in the cost of production materials and unabating inflation in the country.
However, the National Electricity Regulatory Commission regulates the price of prepaid meters in Nigeria; hence, the price of a prepaid meter in Lagos is the same as in other parts of the country.
Additionally, the price of a three-phase prepaid meter is higher than that of a single-phase meter. So, it is important for you to assess your property to know your energy needs and enable you to choose an appropriate meter for your home or office.
How much is prepaid meter in Lagos in Nigeria?
The price of a prepaid meter in Lagos, Nigeria, is the same as in other parts of the country. This means that the price of a prepaid meter in Abuja, Port Harcourt, Anambra, etc. is the same with that of Lagos state.
It would be recalled that in September 2023, the National Electricity Regulatory Commission (NERC) reviewed the price of prepaid meters in the country upwardly, leading to an increase in the amount of the meter that was previously sold.
However, it is worth noting that the price of a single-phase prepaid meter is cheaper when compared to that of a three-phase meter.
Price of a Single-Phase Prepaid Meter in Lagos
The current price of a single-phase prepaid meter is ₦81,975.16
It would be recalled that before the recent price hike, it was sold at the rate of ₦58,661.69.
This means that a total of ₦23,314.47 was added to the previous price.
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However, as it stands now, due to increasing inflation in the country and other government policies, before you can install this single-phase prepaid meter in Lagos State, you may spend roughly ₦100,000. So, if you want to install single-phase prepaid meter in your home or office in Lagos State, you should budget around ₦100k to cover the whole expenses.
Price of a Three-Phase Prepaid Meter in Lagos
The price of a three-phase prepaid meter in Lagos is ₦143,836.10.
Before September 2023, it was sold at ₦109,684.36. This means that the sum of ₦34,151.74 was added to the initial prices.
However, you may also need to pay for other logistics apart from the above-mentioned price, so if you want to buy and install a three-phase prepaid meter in your office, you should budget around ₦150k for the purchase of the meter and other logistics.
How much is prepaid meter in Lagos 2024?
The cost of a prepaid meter in Lagos for 2024 is ₦81,975.16 and ₦143,836.10 for single-phase and three-phase prepaid meter, respectively. To this end, it is important to assess the energy needs of your property before buying a prepaid meter to save on costs.
Ikeja Electric prepaid Meter Price
The price of an Ikeja electric prepaid meter is ₦81,975.16 for single-phase type and ₦143,836.10 for a three-phase type. This price is the same across the country.
Conclusion
So, there you have it! If you’re planning to install a prepaid meter in Lagos, it’s essential to budget accordingly given the recent price hike. Whether you opt for a single-phase or a three-phase meter, make sure you’re aware of your energy needs to choose the right one for your home or office.
While the prices may seem steep, especially after the 2023 increase, the long-term benefit of having a prepaid meter—like avoiding inflated bills—makes it worthwhile. Plus, you’ll have better control over your electricity consumption, avoiding those unexpected billing surprises.
If you’re ready to take the step, be sure to budget around ₦100k for a single-phase meter or ₦150k for a three-phase meter, factoring in the cost of installation and other logistics. At the end of the day, it’s all about staying ahead of your power needs and enjoying a hassle-free experience with your electricity.
