KOREDE FOGO
Customers of the Ibadan Electricity Distribution Company (IBEDC), would pay more to get prepaid meters as the distribution company, in Sunday, released new price for the meters.
BUSINESSINSIDERNG reports that the distribution company had stopped selling the prepaid meters to the customers for a long time.
However, in a flier titled: “IBEDC approved map prices, (May 2024), obtained by our correspondent, Sunday, the company said there has been a change in the price of meters effective from May 23, 2025.
According to the list, a single phase (smart meter-mod bus) is now N106,802.69; three phase (smart meter-mod bus) now cost N210,751.61; single phase (smart meter-low range radio frequency) is now N106,802.69.
Others are: three phase (smart meter-low range radio frequency) at the cost of N216,714.63; single phase (smart meter cellular) now cost N110,073.86, and three phase (smart meter cellular) now cost N209,954.70.
The company noted that meters are to be installed in customer’s premises within 10 working days after payment, saying that cost of meters will be determined monthly after a competitive bid process by the vendors.