The 11 electricity distribution companies across the country billed their customers a total of N134.53 billion for December 2023 according to the Nigeria Electricity Regulatory Commission (NERC) fact sheet on the commercial performance of DisCos for the month.
Despite this billing, the Discos collected just N98.36 billion, resulting in a collection efficiency of 73.12% for the indicated month.
Analysing individual Disco performance, Ikeja Disco had the best collection efficiency (94.08%), collecting N20.00 billion of the N21.26 billion billed to its clients. Eko DisCos followed closely after, collecting N17.13 billion from a billing total of N20.39 billion for the month.
From an analytical standpoint, Jos and Yola Discos had the month’s lowest collection efficiencies with 45.69% and 46.03%, respectively. Specifically, Jos DisCos secured N3.71 billion of the N8.12 billion billed to its customers. Similarly, Yola Disco collected N2.16 billion out of a total billing of N4.71 billion.
Energy received and distributed.
In the month’s energy volume analysis, the 11 Discos received 2,726.89 GWh of electricity and distributed 2,166.93 GWh, for a distribution efficiency of 79.47%.
Leading the group, Ikeja Disco collected 404.84 GWh and distributed 305.10 GWh, resulting in an impressive distribution efficiency of 86.73%. Following closely, Eko Disco got 348 GWh and distributed 313.0 GWh.
Ibadan Disco saw a considerable improvement in distribution efficiency, increasing by 9.55% over the previous month, distributing 275.64 GWh out of 311.75 GWh. On the opposite end of the spectrum, Kaduna Disco trailed behind, delivering only 47.70% of the 171.90 GWh received, indicating the lowest energy distribution efficiency.
Tariff billing rates
In terms of tariffs, data shows that Ikeja Disco charged its consumers at 87.37% of the NERC-approved rate of N56.57 per KWh, which is the highest relative to the regulatory benchmark. Eko Disco followed, charging N49.25 per KWh instead of the sanctioned N59.49 per KWh, resulting in an 82.79% tariff billing efficiency.
In contrast, Kaduna Disco’s billing was N19.80 per KWh, which was much lower than the permitted N57.45 per KWh for the period. Notably, Jos, Kano, and Yola Discos reported tariff billing rates less than 50%, indicating a significant difference from NERC’s permitted prices for the month.