DisCos collected N99.9bn from N133.3bn bill in November 2023 – NERC

The Nigerian Electricity Regulatory Commission (NERC) has stated that the 11 electricity Distribution Companies (DisCos) received N99.94 billion from its customers as revenue from the N133.3 billion worth of electricity they consumed in November, 2023. NERC, in the factsheet it released on its official account on X, formerly Twitter, stated that the average amount paid […]

The Nigerian Electricity Regulatory Commission (NERC) has stated that the 11 electricity Distribution Companies (DisCos) received N99.94 billion from its customers as revenue from the N133.3 billion worth of electricity they consumed in November, 2023.

NERC, in the factsheet it released on its official account on X, formerly Twitter, stated that the average amount paid by Kilowatt hour (kWh) of electricity consumed during the period was 36.71kWh from the average 59.89kWh approved for the DisCos to charge their customers.

The factsheet showed that Ikeja Electric had the highest billing with N20.94bn bills issued out but was able to collect N20.17bn, a 96.30 per cent collection rate.

This was followed by Eko Electric with N20.09bn, but received N16.81bn from its customers, which was an 83.72 per cent collection rate. Abuja Electric was next with N19.61bn bill sent out while N15.34bn was paid, a 78.24 per cent collection rate.

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Ibadan Electric followed with N15.69bn bill sent out while N11bn was paid, 70.10 per cent collection; with Benin sending out a N10.92bn bill but collecting N7.6bn, a 69.68 per cent rate.

Enugu Electric also sent out N9.75bn invoice but only N8.05bn was paid back, which is an 82.65 per cent collection rate, while Port Harcourt Electric gave out a N9.13bn bill but received N6.77bn, a 74.22 per cent collection rate.

Kano Electric issued out N8.14bn but received N5.02bn, a 62.05 per cent collection rate, followed by Jos Electric with N4.03bn paid from the N7.44bn bill issued out, 54.24 per cent. Yola Electric gave out N6.53bn but N2.24bn was paid, a 34.35 per cent rate; and Kaduna Electric issued N5.16bn from which N2.87bn was paid, a 55.73 per cent collection rate.

NERC noted that the 26 electricity generation plants generated 3,167.16GWh of electricity during the period with an average hourly generation of 4,398.83MWh/h, adding that the plants had an average available capacity of 5,076.39MW.