Nigerian electricity DisCos remit N385.44bn in Q2 2026

Electricity distribution companies (DisCos) in Nigeria remitted N385.44 billion to the electricity market during the second quarter of 2026, achieving a remittance rate of 94 per cent. According to the Nigerian Electricity Regulatory Commission (NERC) operational and commercial performance report, these payments settled invoices from the Nigerian Bulk Electricity Trading and the Market Operator.

Key performance metrics for the quarter include a 90 per cent plant load factor for grid-connected plants, with an average hourly output of 4,022.40 Megawatts/hour. While billing efficiency stood at 79 per cent (N744.67 billion) and collection efficiency reached 81 per cent (N603.64 billion), technical and commercial losses remain a concern. The average Aggregate Technical, Commercial and Collection (ATC&C) loss was 36 per cent, exceeding the target of 16.92 per cent.

In terms of infrastructure, DisCos installed 350,270 additional meters, bringing the national metering rate to 62 per cent. NERC also issued 64 regulatory instruments under the Electricity Act 2023, including 35 orders and 18 certificates for market and metering asset providers.