Ikeja Electric Launches Updated Prepaid Meter Rates

Updated Prepaid Meter Prices Announced by Ikeja Electric

Ikeja Electric, one of Nigeria’s major electricity distribution companies, has recently announced updated prices for prepaid meters. These new rates will come into effect starting August 6, 2025. The revised pricing applies to both single-phase and three-phase meter types and includes Value Added Tax (VAT) in the final cost.

The announcement was made through the company’s official X account on Friday, highlighting the importance of transparency and timely communication with customers. The updated rates reflect the latest approved charges from various meter providers under the Meter Asset Provider (MAP) scheme, ensuring that consumers are informed about the most current costs associated with meter procurement.

Breakdown of New Meter Prices

Several companies have been identified as part of the MAP scheme, each offering different rates for single-phase and three-phase meters. Here is a detailed breakdown:

• MBH Power Ltd:
• Single-phase: ₦135,987.50

• Three-phase: ₦226,825.00

• Turbo Energy Ltd:

• Single-phase: ₦145,608.75

• Three-phase: ₦236,903.13

• Aries Electric Ltd:

• Single-phase: ₦145,125.00

• Three-phase: ₦258,000.00

• Mojec Asset Management Company Ltd:

• Single-phase: ₦135,718.75

• Three-phase: ₦226,825.00

• Paktim Metering Nig. Ltd:

• Single-phase: ₦137,600.00

• Three-phase: ₦233,275.00

• Holley Metering Ltd:

• Single-phase: ₦133,854.03

• Three-phase: ₦219,497.09

• CIG Metering Assets Nigeria Ltd:

• Single-phase: ₦150,500.00

• New Hampshire Capital Ltd:

• Single-phase: ₦133,300.00
• Three-phase: ₦231,125.00

These figures represent the latest approved rates for each provider, ensuring that customers can make informed decisions when purchasing or replacing their meters.

Key Notes on the Price Update

Ikeja Electric emphasized that the updated prices are valid subject to meter availability. This means that while the pricing structure is fixed, actual availability may vary depending on supply chain conditions and other operational factors.

The company also reiterated its commitment to providing customers with up-to-date information on meter procurement. By regularly updating the pricing for different meter providers, Ikeja Electric aims to maintain transparency and support the efficient management of electricity services across its network.

This move aligns with broader efforts to improve customer service and ensure that all stakeholders—whether individual consumers or business entities—have access to accurate and reliable pricing data. It also underscores the role of the Meter Asset Provider scheme in facilitating smoother and more transparent meter procurement processes.

Conclusion

With the implementation of these new rates, customers are encouraged to stay informed about the latest changes and plan accordingly. As the energy sector continues to evolve, such updates play a crucial role in maintaining trust and ensuring that consumers receive value for their investments in electricity infrastructure.