Ikeja Electric leads DisCos’ N162b revenue

Twelve electricity distribution companies (DisCos) in the Nigerian Electricity Supply Industry (NESI) collected N162 billion revenue in July 2024.

The Nigerian Electricity Regulatory Commission (NERC), in a report titled: “Commercial Performance of Distribution Companies (DisCos)” yesterday indicated that the energy distributors failed to collect N34.96 billion, being 17.74 per cent of the total bills during the period.

The collection efficiency for the month was 82.26 per cent. Ikeja DisCo recorded the highest collection efficiency of 115.45 per cent while Kaduna DisCos was the least performing firm with 58.65 per cent.

The collection of over 100 per cent in July was due to outstanding bills in the previous month.

In terms of revenue recovery efficiency, NERC said the allowed average tariff/kilowatt-hour in the month under review was N115.74kilowatt/hour while the actual collection was N83.77kw/h, indicating an average subsidy of 31.97kw/h, being N64.92 million for the total 2,030.75Gwh (2,030,750MW).

72.38 per cent, said NERC, was the recovery efficiency in July 2024.

NERC also revealed that in terms of energy billed and billing efficiency, 2,520.82Gigawatts hour (Gwh), which is also 2,520,820MW was the total energy  received while the total energy billed was 2,030.75GWh, which is 2,030,750MW.

The firms, according to NERC, recorded 80.56 per cent billing efficiency in the period under review.

Aba DisCo, which received 16.99GWh (16,990MW) and billed 16.34Gwh (16,340MW) recorded 96.17 per cent billing efficiency topping the list in terms of billing efficiency.

It is noteworthy that the DisCos is in a ring-fenced business environment.

It was followed by Ibadan DisCo which received 310.63 Gwh, (310,630MW) billed 299.21 Gwh (299,210MW) to record 89.76 per cent billing efficiency.

Kaduna DisCo which received 161Gwh (161,000MW)  and billed 92.63Gwh (92,630MW) recorded the least billing efficiency of 57.53 per cent.