- Electricity distribution companies collected a total of N1.27tn from customers in the last three years, data obtained from the Association of Nigerian Electricity Distributors on Thursday have shown.
Electricity distribution companies collected a total of N1.27tn from customers in the last three years, data obtained from the Association of Nigerian Electricity Distributors on Thursday have shown.
ANED, the umbrella body for the Discos, said customers paid N363bn in 2017, N437.9bn in 2018 and N473bn in 2019.
The Discos said the energy billed customers stood at 18,882 gigawatt-hours (equivalent to N597.3bn) in 2017; 20,852 GWh (N661.6bn) in 2018, and 21,702GWh (N695bn) in 2019.
The energy received by the power distributors rose to 26,630GWh in 2019 from 26,385GWh in 2018 and 24,616GWh in 2017, according to the data.
“The Discos only collect an estimated 24 per cent of the tariff revenue, while the balance goes to the Transmission Company of Nigeria, generation companies and other industry stakeholders,” ANED said.
The Discos saw their revenue collection rise to a record N127bn in the first three months of this year.
ANED said the energy billed by the Discos in Q1 2020 was 5,768GWh (equivalent to N187bn), out of the 6,911GWh it received.
“The collection in Q1 2020 hit a new record of N127bn, 10 per cent more than the same quarter last year,” it added.
The power firms said the energy sent out in the first quarter of this year was much less than what was projected at the last minor review for 2020.
According to them, the Nigerian electricity supply industry has not solved critical issues such as the lack of spinning reserve, load misalignment with Discos and the TCN interface issues, delays in the implementation of TCN´s expansion plan and lack of investment in Discos’ infrastructure.
