DisCos generate N220.93bn in August – NERC
The Nigerian Electricity Regulatory Commission (NERC) on Thursday said that Electricity Distribution Companies (DisCos) generated N220.93 billion iin August.
The commission said that the collection in August stood at 7.49 per cent increase over the N205.53 billion collected in July.
The commission made this known in its factsheet report for August via its X handle in Abuja.
The factsheet broke down the financial health and efficiency of the DisCos across the country.
It said that from the N261.10bn billed, the DisCos collected N220.93bn, which put collection efficiency at 84.62 per cent.
The report said that the N220.93 collected in August was 2.66 percentage points higher than the N205.53 billion generated in July.
It said that the allowed average tariff was N130.15 per kilowatt hour (kWh), while the actual average collection was N101.03 per kWh, an increase of 3.62 per cent.
It also said that the industry’s overall recovery efficiency reached 77.63 per cent, up by 2.71 percentage points in July.
The report said that Eko DisCo recorded the highest recovery efficiency at 96.29 per cent, followed by Ikeja DisCo at 84.22 per cent while Abuja DisCo stood at 83.63 per cent.
It said that Port Harcourt Disco also did well with 82.91 per cent.
It also said that Ikeja DisCos posted the best collection efficiency at 97.52 per cent, ahead of Eko at 96.36 per cent and Abuja DisCos at 91.91 per cent.
”In terms of billing, Eko led with 84.49 per cent, followed by Kano at 82.24 per cent and Port Harcourt at 80.22 per cent,” it said.
The report also said that Kaduna DisCo had the weakest recovery efficiency at 41.90 per cent, 2.19 percentage points better than in July.
It said that Jos followed with 52.80 per cent and Kano with 60.98 per cent.
