The Nigerian Electricity Regulatory Commission (NERC) says electricity distribution companies (DisCos) generated N196 billion in revenue in February, reflecting a slight decline from the previous month.
Gatekeepers News reports that in its Commercial Performance of Distribution Companies (DisCos) fact sheet for February, the commission said the figure represents a 3.94 percent drop from the N204.74 billion recorded in January.
According to the report, the February revenue was realised from a total billing of N242.29 billion, indicating a 9.66 percent decrease from the N268.20 billion billed in January.
Despite the decline in revenue and billing, NERC noted an improvement in collection efficiency. The February revenue translated to a collection efficiency of 81.17 percent, an increase of 4.84 percentage points compared to January.
The commission also reported a reduction in energy supply to DisCos. Total energy received in February stood at 277.09 billion kilowatt-hours (kWh), representing a 17.64 percent drop from the 336.43 billion kWh recorded in the previous month.
NERC said the average allowed tariff across DisCos was N124.30 per kWh, while the actual average collection was N100.27 per kWh, resulting in an overall revenue recovery efficiency of 80.67 percent.
Among the distribution companies, Eko DisCo recorded the highest revenue recovery efficiency at 100.67 percent. Abuja DisCo followed with 95.13 percent, while Ikeja DisCo posted 85.83 percent.
On the lower end, Kaduna DisCo recorded the weakest performance with a recovery rate of 41.20 percent. Ibadan and Jos DisCos also underperformed, posting efficiencies of 64.21 percent and 66.29 percent, respectively.
