DisCos Raked In N202.62bn Revenue In Q3, 2022

The National Bureau of Statistics (NBS) said the 11 electricity Distribution Companies (DisCos) collected N202.62 billion revenue in the third quarter of 2021 (Q3 2021).

It rose by 7.54 per cent from the N188.11 billion collected in the previous quarter, according to the Bureau’s Q3 2022 Electricity Report.”

The document said: “Revenue collected by the DISCOs during the period stood at N202.62 billion in Q3 2022 from N188.41 billion in Q2 2022, showing a rise of 7.54 per cent.”

The document added that on yearly, revenue generated rose by 5.56 per cent from N191.95 billion in Q3 2021.

Electricity supply in Q3 2022, said NBS, stood at 5,024 (Gwh) from 5,227 (Gwh) in the previous quarter.

Yearly, electricity supply declined by 8.53 per cent compared to 5,493 (Gwh) reported in Q3 2021.

The document noted that the total customer numbers in Q3 2022 stood at 10.94 million from 10.81 million in Q2 2022, showing a rise of 1.20 per cent.

It added that yearly, customer numbers in Q3 of last year declined by 1.19 per cent from Q3 2021 (11.07 million). In Q3 2022, metered customers stood at 5.02 million from 4.96 million in Q2 2022, indicating a 1.33 per cent increase. However, NBS said yearly, this grew by 5.71 per cent from the figure reported in Q3 2021, which was 4.75 million.

The Bureau said similarly, estimated customers stood at 5.91 million in Q3 2022, higher by 1.09% from 5.85 million in Q2 2022.

It also noted that on a year-on-year basis, estimated customers declined by 6.38% in Q3 2022 from 6.32 million in Q3 2021.