Following foreign exchange (FOREX) determinants, the Nigerian Electricity Regulatory Commission (NERC) is currently planning to increase the price of prepaid meters.
ASHENEWS reports that forex issues have continued to influence inflation in Nigeria, with resultant protests by citizens in some states of the country.
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“The cost of prepaid meters is going to go up soon. Meter Asset Providers have stop selling new meters as they await NERC to approve new prices.
“New meter applications are not being processed until the price changes are reflected.
“So, due to FX issues, the meter manufacturers have stopped sending invoices until the meter price is reviewed,” a source said.
Nairametrics
