The total amount billed to electricity customers by Distribution Companies (DISCOs) has dropped by 5.4% to N213.62 billion in October 2024 from N225.80 billion in September 2024.
In the same vein, DISCOs’ total revenue collected declined by 5.0% to N163.07 billion in October 2024 from N171.58 billion in September 2024.
This came as the DISCOs recorded 76.33 percent total revenue collection efficiency. Revealing this in its latest data from the Nigerian Electricity Regulatory Commission, NERC, it showed that billing efficiency rose 84 percent in October against 82.36 percent recorded in September 2024.
In terms of revenue recovery performance, NERC stated that the average allowed tariff for October stood at N115.74k/ kwh, while actual collection stood at N86.62k/ kwh, resulting in an overall recovery efficiency of 74.84 percent.
Also, in October, the total energy received was 2,361.43 GWh, while the total energy billed was 1,988.52 GWh, representing a billing efficiency of 84.21 per cent.
Operators in the power industry have consistently blamed the illiquidity in the sector on shortfalls in billing collection and the low investment in the Nigerian power sector, among others.
However, electricity consumers believe they are over-billed and that they actually pay for ‘darkness’ when they are billed for unreliable power supply, especially those on the estimated billing platform.
