DisCos Earn N162.14bn Revenue in July – NERC Twelve electricity Distribution Companies (DisCos) in the Nigerian Electricity Supply Industry (NESI) collected N162 billion revenue in July 2024. The Nigerian Electricity Regulatory Commission (NERC) broke the news in its document titled: “Commercial Performance of Distribution Companies (DisCos),”...

Unmetered Electricity Customers Now 7.3 million – NERC Metering of electricity customers across the country has remained a challenge as number of unmetered customers rises to 7.3 million. The latest figures, released by the Nigerian Electricity Regulatory Commission (NERC) showed that out of over 13.16 million...

Electricity Consumers Owe DisCos N385.7bn   Electricity consumers across the country failed to pay the sum of 385.73bn electricity bills issued to them in 2023. According to the 2023 annual report and accounts of the Nigerian Electricity Regulatory Commission (NERC), the DisCos collected N1bn out of the...

DisCos’ Revenue Rises by 40% to N433bn   Revenues earned by electricity Distribution Companies (Discos) in Nigeria in the second quarter of 2024, spanning April to June, rose almost 40 per cent to N433 billion during the period, on the back of the recent tariff increase...

DisCos Remittance Rate Increases by 27.05% – Report The Nigerian electricity market witnessed a significant improvement in remittance performance by Distribution Companies (DisCos) in the first quarter of 2024, a report released by the Nigerian Electricity Regulatory Commission (NERC), has said. According to the report, DisCos...

DisCos Face New Sanctions as NERC Drives Compliance Framework The Nigerian Electricity Regulatory Commission has disclosed that there will be new sanctions for Discos that failed to meet up some contractual agreements with customers and regulators. In an Order on Performance Monitoring Framework for all the...