The 11 electricity distribution companies in the country billed their customers a total of N134.53 billion for December 2023.
The Discos, were, however, only able to collect only N98.36 billion.
This represents a collection efficiency of 73.12 per cent for the specified month.
In its fact sheet on the commercial performance of DisCos for the month, the Nigeria Electricity Regulatory Commission (NERC), in an analysis of individual Disco performance, noted that Ikeja Disco demonstrated the highest collection efficiency at 94.08 per cent, successfully gathering N20.00 billion of the N21.26 billion billed to its customers.
IKEDC was closely followed by Eko DisCo with collections amounting to N17.13 billion from a billing total of N20.39 billion for the month.
Conversely, Jos and Yola Discos reported the month’s lowest collection efficiencies, standing at 45.69 per cent and 46.03 per cent, respectively, with Jos DisCo collecting N3.71 billion of the N8.12 billion billed to its consumers, while Yola Disco collections amounted to N2.16 billion out of a total billing of N4.71 billion.
In the analysis of energy volumes for the month, the 11 Discos collectively received 2,726.89 GWh of electricity and managed to distribute 2,166.93 GWh, resulting in a distribution efficiency of 79.47%.
Leading the pack, Ikeja Disco received 404.84 GWh and succeeded in distributing 305.10 GWh, achieving a notable distribution efficiency of 86.73%. Following closely, Eko Disco received 348 GWh and distributed 313.0 GWh.
Ibadan Disco experienced a significant improvement, registering a 9.55 per cent increase in its distribution efficiency compared to the previous month, distributing 275.64 GWh out of the 311.75 GWh received. On the other end of the spectrum, Kaduna Disco lagged, distributing only 47.70 per cent of the 171.90 GWh it received, marking the lowest efficiency in energy distribution.
In the context of tariffs, analysis reveals that Ikeja Disco invoiced its customers at 87.37 per cent of the NERC-approved rate of N56.57 per KWh, making it the highest relative to the regulatory benchmark. Eko Disco followed, charging N49.25 per KWh against the sanctioned N59.49 per KWh, translating to a tariff billing efficiency of 82.79 per cent.
Conversely, Kaduna Disco’s billing stood at N19.80 per KWh, significantly below the approved N57.45 per KWh for the period. Notably, Jos, Kano, and Yola Discos reported tariff billing rates below 50 per cent, highlighting a considerable variance from NERC’s approved rates for the month.
