Ikeja Electric has released its updated prices for prepaid meters, which take effect from August 6, 2025.
The revised rates cover both single-phase and three-phase meter types and are inclusive of VAT.
The revised rates were announced on the disco’s official X account on Friday.
The company announced that “MBH Power Ltd’s one-phase costs ₦135,987.50, while the three-phase costs ₦226,825.00. Turbo Energy Ltd’s one-phase costs ₦145,608.75, while the three-phase costs ₦236,903.13.
“Aries Electric Ltd’s one-phase costs ₦145,125.00, and the three-phase costs ₦258,000.00. Mojec Asset Management Company Ltd’s one-phase costs ₦135,718.75, and the three-phase costs ₦226,825.00.
“Paktim Metering Nig. Ltd, the one-phase meter costs ₦137,600.00, while the three-phase meter costs ₦233,275.00. Holley Metering Ltd’s one-phase meter costs ₦133,854.03, three-phase meter costs ₦219,497.09.
“CIG Metering Assets Nigeria Ltd’s one-phase meter costs ₦150,500.00, New Hampshire Capital Ltd’s one-phase meter costs ₦133,300.00 and the three-phase costs ₦231,125.00.”
The electricity distribution company noted that the prices are “valid subject to meter availability,” adding that the changes are part of its effort to ensure customers have access to up-to-date information on meter procurement.
The company also assured customers that the new pricing reflects the latest approved rates for meter providers under its Meter Asset Provider scheme.
Meanwhile, Ikeja Electric Plc, an electricity distribution company, has commissioned the new, Kwaru 15MVA Injection Substation in Abaranje, Ikotun area of Lagos State, Nigeria.
Naijaonpoint reports that this was made known in a statement by the DISCO’s Head of Corporate Communications, Kingsley Okotie, in a statement on Friday.
The commissioning ceremony, held at the substation site, was attended by high-ranking government officials, industry regulators, community leaders, and key stakeholders, underscoring the collective commitment to enhancing Nigeria’s power sector.
The new injection substation, equipped with advanced technology, is designed to improve electricity reliability for approximately 50,000 residents and businesses, serve as an economic development catalyst for local enterprises, enhance distribution network resilience by adding 15 MVA capacity, support ongoing urban development initiatives, demonstrate enhanced technical capabilities within the local electrical industry, reduce transmission losses, and boost load management capabilities, ensuring a more stable and efficient energy utilization.
Speaking at the event, the Minister of Power, Adebayo Adelabu, lauded Ikeja Electric’s commitment to infrastructure development.
He said: “This commissioning is a testament to the unwavering dedication of the current administration to transforming Nigeria’s power sector.
“Our goal is to ensure stable and affordable electricity for every Nigerian, and projects like this injection substation are critical steps towards achieving that vision.
“We commend Ikeja Electric and its partners for their significant investment and contribution to grid expansion and reliability.”
On his part, the Chairman of Ikeja Electric and Sahara Group, Kola Adesina, reiterated the group’s long-term commitment to Nigeria’s energy future.
He said: “At Sahara Group, we believe that energy is the bedrock of economic prosperity and societal development. Our investment in this state-of-the-art substation underscores our strategic vision to power lives and businesses with innovation and unwavering drive for excellence.
“This project is a clear demonstration of private sector collaboration driving sustainable energy solutions and fostering economic growth across the nation.”
The Chief Executive Officer of Ikeja Electric, Mrs. Folake Soetan, expressed immense satisfaction with the project’s completion.
“Today marks a pivotal moment for our customers in Ikotun and its environs. This new injection substation is not just a structure; it represents our relentless pursuit of service excellence and our promise to provide a reliable power supply,” she said.
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