The 11 electricity distribution companies earned about N597bn on electricity sales within the space of 12 months, according to data obtained from the Nigerian Electricity Regulatory Commission (NERC).
The NERC data showed that revenue from energy sales by Disco was made between January and December, 2022.
A breakdown of the report, ‘Discos’ Energy Sales by Service Band Data for Nov 2020 to Sept 2022’, showed that N597bn was collected out of a total of N840bn billed by the utility firms.
A total of 16 billion kWh of electricity was billed by the 11 Discos during the year under review.
Although Abuja Disco billed N109bn worth of electricity, however, it was able to collect about N91bn.
While Benin Disco billed N89bn, the utility firm was able to collect N51bn.
Eko Disco billed its customers N97bn, however, the firm was able to attain N89bn collection.
Furthermore, Enugu Discos churned out a bill of N75bn, but was able to rake in N52bn in the year.
On its part, Ibadan Discos, one of the utility firms liquidated during the year under review, billed out N101bn, but was able to collect about N67bn.
