Ikeja Electric has released updated prices for prepaid meters, which took effect on August 6, 2025. The revised rates, inclusive of VAT, apply to both single-phase and three-phase meter types.
In a statement posted on its official X account on Friday, the electricity distribution company outlined the new costs from various Meter Asset Providers (MAPs) under its scheme:
- 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 Co. 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 Nig. Ltd: Single-phase – ₦150,500.00
- New Hampshire Capital Ltd: Single-phase – ₦133,300.00; Three-phase – ₦231,125.00
Ikeja Electric noted that the prices remain valid subject to meter availability. The company explained that the review reflects the latest approved rates for MAPs and is part of its commitment to keeping customers informed on meter procurement.