The 11 electricity distribution companies (Discos) have improved their revenue collection efficiency to 85.82 per cent, a report by the Nigeria Electricity Regulatory Commission (NERC) has shown.
Data in the NERC Factsheet for February 2024 showed that while total billings of the DisCos stood at N113.05 billion, total revenue collected was N97.01 billion, and collection efficiency was 85.82 per cent, a 13.06 per cent increase from January.
Findings showed the allowed average tariff was N59.89/kilowatt hour (kWh), but the actual average collection was N44.13/kWh, and the recovery efficiency was 75.35 per cent, a 13.62 percent increase from January.
DisCos collected N97.01 billion in the month under review out of the billed figure of N113.05 billion.
For the month under review, Ikeja Disco recorded the highest revenue collection efficiency at 114.64 per cent, collecting N19.48 billion out of N17.08 billion billed to customers. Ikeja was followed by Eko and Abuja Discos, which recorded revenue collection efficiencies of 99.24 per cent and 87.26 per cent respectively.
On the other hand, Yola Disco posted the lowest revenue efficiency for the month at 48.47 per cent, followed by Kano and Jos Discos, which reported 63.15 per cent and 73.04 per cent, respectively.