DisCos generate N203.61bn from electricity consumers in April — NERC

The company said this in its Commercial Performance Factsheet for April on its X handle in Abuja on Tuesday.

The factsheet showed that the 11 DisCos collected N203.61bn out of total billings of N252.43bn during the month in review.

It said the collection translated to a collection efficiency of 80.66 per cent, up by 1.07 percentage point in March.

According to the report, the DisCos received electricity worth N302.96bn and billed customers N252.43bn out of which N203.61bn was collected.

It said that the figure represented a billing efficiency of 83.32 per cent, a slight decline of 0.57 percentage point from the previous month.

The report further said that the industry’s revenue recovery efficiency stood at 82.11 per cent, with the average actual collection of N102.13 per kilowatt-hour (kWh) compared to the allowed average tariff of N124.39/kWh.

It listed the top performers DisCos to include: Eko, 102.09 per cent, Abuja, 89.77 per cent and Ikeja 88.89 per cent.

The factsheet said that these DisCos stood out with the highest recovery efficiency levels for April.(NA