Nigeria, April 30 -- An order on the Deregulation of Meter Prices for meters deployed under the Meter Asset Provider Scheme on Monday was released by the Nigerian Electricity Regulatory Commission.

According to reports, the new development was requested by the Meter Asset Providers and other operators to further review the prices of meters, owing to the significant changes in foreign exchange and inflation rates since the last price review of the prices of meters by NERC in September 2023.

"The commission has noted the need for the efficient pricing of meters to respond more quickly to changes in macroeconomic parameters, particularly exchange rates.

"The commission has further taken cognisance of the constraints/challenges faced by MA...