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3 weeks ago
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- Electricity gross postulation is improving, with the eleven discos present averaging astir 77% efficiency
- Eko Disco is successful the pb with implicit 90% of full energy bills collected, portion Ikeja Electric follows behind
- Some Discos have, however, seen a diminution successful their gross collection, particularly Abuja and Jos Discos
Legit.ng journalist Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.
Electricity organisation companies (DisCos) successful Nigeria billed Nigerians a full of N658.4 cardinal for energy depletion successful 3 months.
Out of this sum, the eleven DisCos successfully collected N509.8 billion, translating into a 77.44% gross postulation ratio for October, November and December 2024.
According to the study from the Nigerian Electricity Regulatory Commission (NERC), this is an betterment implicit the past quarter, wherever the DisCos recorded 74.55% efficiency, collecting N466.6 cardinal retired of N626 cardinal full energy bills.
Source: Twitter
Eko, Ikeja Electric instrumentality the lead
Daily Trust reports that Eko Electric and Ikeja Electric, some successful Lagos state, blazed the way with awesome gross postulation records.
Eko Electric was successful the pb with a 90% postulation efficiency, and Ikeja Electric was intimately down with 82.63% postulation efficiency.
Recall that Transgrid Enerco Limited has acquired a 60% equity involvement successful Eko Electricity Distribution Company, injecting much funds for the DisCo to grow operations.
In presumption of quarter-on-quarter growth, 8 DisCos showed betterment successful their gross collection. Yola and Kano DisCos were successful the lead, adding 13.93 percent points and 9.88 percent points respectively.
Jos and Abuja DisCos showed a diminution successful gross collection, with -3.61 percent points and -3.39 percent points, respectively. Overall, Jos Disco recorded the lowest collection.
FG incurs N471.69 cardinal successful energy subsidies
The NERC study besides reveals that the national authorities has incurred further debts from energy subsidy obligations, amounting to N471.69 cardinal successful the quarter.
This translates into 56.655 of the full energy invoice from the generating companies, and is astir N7.5 cardinal higher than the subsidy work of N464.1 cardinal successful Q3, 2024, which accounted for 54.71% of the invoice for that quarter.
The study says this subsidy work accrued owed to the national government’s directive to frost allowed tariffs paid by customers contempt the summation successful the cost-reflective tariffs crossed the quarters.
DisCos execute 75% gross collection
Recall that the NERC information besides revealed that Discos failed to cod implicit N60 cardinal successful energy bills successful December 2024.
Source: Getty Images
Only 74.71 per cent of the full magnitude owed has been collected, leaving a sizable N60.25 cardinal shortfall.
NERC information noted that the outstanding revenues could importantly impact the industry's stableness and quality to supply customers with reliable electricity.
FG spends N200 cardinal monthly
In related news, the national authorities announced that it spends N200 cardinal connected electricity subsidies for Nigerians monthly.
Special Adviser to the President connected Energy, Olu Verheijen, explained that contempt the summation successful tariffs, Nigeria is yet to execute a cost-reflective tariff system.
She added that the authorities is committed to moving retired a just pricing program that volition not enforce connected the poorest Nigerians.
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Source: Legit.ng
