DisCos record decline in revenue collection as Electricity consumers fail to pay N71.53 billion in one month

• The powerfulness assemblage continues to conflict successful Nigeria, arsenic mounting debts from consumers and the authorities person accrued again
• Unpaid energy bills successful December amounted to N148.6 billion, and by January, different N71.53 cardinal has been added to the number
• This brings it to implicit N4 trillion debts owed to energy procreation and organisation companies successful Nigeria

Legit.ng writer Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.

A caller study from the Nigerian Electricity Regulatory Commission (NERC), shows a diminution successful gross postulation for the energy organisation companies (DisCos) arsenic consumers garbage to wage up.

For January 2025, an outstanding indebtedness of N71.53 cardinal was recorded crossed 12 DisCos, being the uncollected bills for energy consumed during the month.

The NERC factsheet shows that whereas the energy consumed amounted to N250.21 billion, the DisCos were lone capable to recoup N178.68 cardinal from the energy bills they issued.

Minister for power, Adebayo Adelabu, had explained that Discos and Gencos request to recoup these debts to put successful infrastructure. Photo credit: Adebayo Adelabu
Source: Twitter

Breakdown of the debts

Ikeja DisCo has the highest uncollected revenue, collecting N32.81 cardinal from the N44.02 cardinal issued arsenic energy bills, portion Port Harcourt DisCo lone collected N12.56 cardinal retired of N21.03 billion.

Abuja DisCo is adjacent behind, having received N24.82 cardinal retired of N32.61 billion, portion Eko DisCo collected N36.01 cardinal from N42.03 cardinal of energy bills issued.

Ibadan DisCo received N21.84 cardinal retired of N29.57 billion, portion Benin DisCo received N17.53 cardinal from N23.24 cardinal energy bills issued to consumers.

The factsheet besides shows that Jos DisCo collected N4.3 cardinal retired of N10.02 billion, Kaduna DisCo received N3.06 cardinal retired of N7.75 billion, and Aba Power collected N2.43 cardinal retired of N5.79 billion.

Enugu DisCo received N13.85billion retired of N17.33 cardinal successful energy measure issued, and Kano DisCo got N7.08 cardinal retired of N12.47 billion, portion Yola DisCo received N2.34 cardinal retired of N4.33 cardinal issued.

Recall that successful Q4, 2024, DisCos had an outstanding N148.6 billion uncollected energy bills.

Revenue postulation declines successful January 2025

DailyTrust reports that overall, the gross postulation successful January 2025 declined by 3.29% from what was recorded the erstwhile month.

The rising debts compounds an already dicey concern for the organisation companies and the procreation companies.

Recall that the national authorities owes DisCos and GenCos implicit N4 trillion successful subsidy payments, and conscionable precocious added different N472 cardinal to that debt.

In Q4, 2024, different N150 cardinal was recorded arsenic uncollected revenues from energy consumers. Photo credit: Contributor/Nurphoto
Source: Getty Images

Minister of Power, Adebayo Adelabu has repeatedly bemoaned the immense indebtedness impeding the stableness and maturation of Nigeria’s powerfulness sector.

Adelabu noted that with implicit N4 trillion full debts, it becomes adjacent intolerable for the DisCos and GenCos to service, maintain, oregon upgrade their infrastructure.

Electricity consumers garbage to wage N148 cardinal successful Q4, 2024

In related news, energy consumers successful Nigeria owed N148.6 billion successful energy bills successful Q4, 2024.

The NERC study shows that retired of N658.4 cardinal billed for energy bills successful the quarter, lone N509.8 cardinal were collected.

While this show leaves overmuch to beryllium desired, it was an betterment connected the erstwhile quarter, wherever they collected N466.6 cardinal retired of N626 cardinal energy bills.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng