The Nigeria Electricity Regulatory Commission (NERC) has said the revenue collection efficiency of 11 electricity distribution companies (Discos) rose to 85.82% in February 2024.
In a Factsheet released on Monday, NERC said that Discos collected N97.01 billion in the month under review out of the billed figure of N113.05 billion.
Ikeja Disco recorded the highest revenue collection efficiency at 114.64%, collecting N19.48 billion out of N17.08 billion billed to customers, followed by Eko and Abuja Discos, which recorded revenue collection efficiencies of 99.24% and 87.26%, respectively.
Conversely, Yola Disco posted the lowest revenue efficiency for the month at 48.47%, followed by Kano and Jos Discos, which reported 63.15% and 73.04%, respectively.
The 11 Discos received around 2,149.80 GWh for the month and dispensed 1,759.2 GW, representing an energy billing efficiency of 81.83%.
Eko Disco recorded the highest energy billing efficiency from generation companies (Gencos), distributing 236 GWh from a total of 260 GWh received, marking an energy billing efficiency of 90.08% for the month. Yola and Enugu Discos followed with energy billing efficiencies of 87.04% and 85.50%, respectively.
Abuja and Ikeja Discos received the highest energy bill from Gencos at 329 GWh and 316 GWh, respectively, for the month, while Yola, Jos, and Kano Discos received the lowest energy from power generators during the period under review.
