Electricity consumers paid a total of N509.84bn in the fourth quarter of 2024 despite enduring five grid collapses within the same period, The PUNCH reports.
The Nigerian Electricity Regulatory Commission said in a report that there were three incidents of total collapse and two incidents of partial collapse on the national grid in 2024/Q4.
NERC said the N509.84bn generated by the electricity distribution companies in the last three months of 2024 was higher than the N466.69bn collected in the third quarter.
In comparison, it said the total revenue collected by all Discos in 2024/Q3 was N466.69bn out of the N626.02bn billed to customers, saying the 77.44 per cent collection efficiency recorded in 2024/Q4 is +2.89pp higher than the collection efficiency recorded in 2024/Q3.
The amount was generated even as the quarter recorded five of the 12 grid collapses that occurred in 2024.
According to NERC, the national power grid is a vast network of electrical transmission lines that link power stations to end-use customers across the nation and is designed to function within specific stability boundaries, including voltage (330kV ± 5.0%) and frequency (50Hz ± 0.5%).
