The Nigeria Electricity Regulatory Commission (NERC) has said that electricity distribution companies (DisCos) in Nigeria collected N168.7 billion as revenues in August 2024.
It added this was 80.91%, efficiency rate collection.
NERC’s fact-sheet which detailed the performance of DisCos for August, seen by Saturday Telegraph yesterday, revealed that electricity users were billed a total of N208.5 billion.
The report showed that Ikeja DisCo collected N35.27 billion, with a billing efficiency rate of 104.01%, which is said was the highest revenue for the month.
It added that Eko DisCo came second with a billing efficiency of 89.04%, generating N26.37 billion in revenue while Abuja DisCo came third as it collected N26.96 billion with a billing efficiency rate of 80.63%.
The report showed that Jos DisCo collected N5.2 billion and recorded the least collection efficiency among the DisCos, with a rate of 50.69%; Yola collected N1.97 billion and had collection efficiency rates of 52.06% while Kaduna DisCos collected N5.23 billion, with 57.16% collection efficiency rate.
It also showed the energy billing efficiency of the 11 electricity distribution companies. According to it, they received a total of 2,561.28 GWh of electricity and billed 2,110.53 GWh, which is an energy billing efficiency of 82.4%.
According to the report, Ibadan DisCo had the highest billing efficiency rate of 90.35% having billed153 GWh out of 160 GWh received.
Eko, 89.87% and Yola DisCos had billing efficiency rate of 88.74. On the least performance, Enugu, 74.66%; Jos, 65.35%; and Kaduna DisCos, 62.31%.
