A new report by the Nigerian Electricity Regulatory Commission (NERC) has indicated that power Distribution Companies (Discos) in the country made N291.62 billion in revenue in Q1, 2024.
This is just as the power sector regulator has barred NBET from entering into new contracts.
The newly-released data showed that the N291.2 billion was out of the N368.65 billion billed to customers, translating to a collection efficiency of 79.11 per cent, which represents an increase of over 5.32 per cent when compared to 2023/Q4 of 73.79 per cent.
Aggregate Technical, Commercial and Collection (ATC&C) Loss in 2024/Q1 was 36.36 per cent comprising technical and commercial loss (19.55 per cent) and collection loss (20.83 per cent), the report indicated.
This showed that the ATC&C loss improved by 5.75 per cent compared to 2023/Q4, which was 42.11 per cent. The ATC&C loss provides a consolidated report of how much revenue a Disco can collect relative to how much it should have collected based on the volume of energy it received and sold to customers.
It is the indicator that evaluates the actual energy and revenue loss in electricity distribution systems.
