Nigerian electricity distributors collect N205.53bn in July

Nigerian electricity distribution companies (DisCos) collected N205.53 billion in revenue during July, according to a report from the Nigerian Electricity Regulatory Commission (NERC). This collection represents approximately 82 per cent of the N250.79 billion billed to customers during the month.

While billing efficiency saw a slight decline of 1.14 per cent to 75.10 per cent, overall collection efficiency improved by 2.25 per cent. The DisCos received energy valued at N333.94 billion, a 5.77 per cent increase from the previous period.

Performance varied significantly across different regions. Eko Electricity Distribution Company recorded the highest recovery efficiency at 94.67 per cent, with its collection efficiency reaching 101.78 per cent. Port Harcourt DisCo and Benin DisCo followed with efficiencies of 84.95 per cent and 79.15 per cent, respectively.

At the lower end of the spectrum, Kaduna DisCo reported the lowest recovery efficiency at 39.71 per cent. Other low-performing distributors included Jos DisCo at 46.27 per cent and Kano DisCo at 55.41 per cent.