JUST IN 🔥🔥 NERC REPORTS N54BN DEBT BY ELECTRICITY CONSUMERS TO DISCO.

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BY RICHMOND 🍯

According to the Nigerian Electricity Regulatory Commission (NERC) Factsheet for February, the 12 Distribution Companies (Discos) in Nigeria billed a total of N245.93 billion for electricity supplied during the month, but only collected N191.75 billion, representing a collection efficiency of 77.9%. This marks a 6.56% improvement from January.

The Discos received 2,583.19 gigawatt-hours (GWh) of energy and billed 2,137 GWh to customers, translating to a billing efficiency of 82.73%. The average allowed tariff was N116.18 per kilowatt-hour (kWh), but actual collections averaged N88.21/kWh, reflecting a 75.9% recovery rate.

Abuja Electricity Distribution Company had the highest collection efficiency at 89.03%, while Aba Power had the lowest at 53.9%. Other Discos, such as Eko Disco, Enugu Disco, Ibadan Disco, and Ikeja Disco, also reported varying collection efficiencies.

NERC noted that commercial losses and low revenue recovery continue to affect investors in the power sector. The lack of widespread metering remains a significant issue, with over seven million customers still unmetered and reliant on estimated billing. In contrast, mini-grid operators have achieved over 95% collection efficiency, highlighting the importance of proper infrastructure and accountability.

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