Prepaid Meter Prices Drop Below N100,000 in Nigeria
The Electricity Distribution Company (PHED) has announced a significant reduction in prepaid meter prices, effective from September 9, 2026, until December 2, 2026. Notably, Mojec Asset Management Co.
Ltd. offers a Din-Rail single-phase meter priced at N98,900, marking the first instance of a single-phase meter being available for under N100,000. Other vendors have also reduced their prices: Mojec's standard single-phase meter is now N106,425, down from N117,175; KIGG Meters & Systems Ltd. lowered its price from N116,276.67 to N100,347.61; Wellsun Intelligent Ltd. reduced its price from N116,399.94 to N100,800.42; Holley Metering Nig.
Ltd. cut its price from N117,338.15 to N105,349.99; and Armese Consulting Ltd. adjusted its price from N120,399.99 to N107,499.99. The reductions extend to three-phase meters as well, with prices dropping across all vendors.
Customers interested in applying for a prepaid meter can do so through PHED's Meter Asset Provider portal.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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