Nigerian Electricity Regulatory Commission (NERC) has reported that power distribution companies (DisCos) in Nigeria earned N208.78 billion in revenue for November 2025, marking a slight drop compared with October’s total of N210.92 billion.
Gatekeepers News reports that the figure was published in NERC’s DisCos commercial performance fact sheet for the month.
The regulator said DisCos issued customer bills worth N269.43 billion during the period, which was higher than October’s billing of N255.19 billion.
However, collection efficiency which is the proportion of billed cash actually received, fell to 77.49 percent in November from 82.66 percent in October, suggesting ongoing challenges in converting bills into cash.
NERC also showed that the total value of energy received by DisCos rose to N342.29 billion in November, a 12.65 percent increase from the previous month, while the average recoverable tariff was set at N124.30 per kilowatt-hour and the average amount actually collected stood at about N90.09 per kilowatt-hour.
Among individual firms, Eko DisCo posted the highest revenue collection efficiency at 91.67 percent, followed by Ikeja DisCo with 89.72 percent, and Abuja DisCo at 74.78 percent.
By contrast, Kaduna DisCo recorded a low performance of 33.24 percent, while Jos and Ibadan DisCos also lagged with collection efficiencies of 51.84 percent and 59.75 percent, respectively.
Energy analysts say such declines in collection efficiency are part of broader sector challenges, where DisCos often struggle to recover money owed despite increasing supply and billing, a trend seen across recent quarters.
This performance comes amid ongoing efforts by NERC and stakeholders to improve billing and metering systems across DisCos, with goals to strengthen liquidity, reduce losses, and attract investment into Nigeria’s electricity market.
