Discos Paid N26.81bn For Electricity In June – NBET

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The Nigerian Bulk Electricity Trading Plc has revealed that market receipts remitted by Distribution Companies in June 2021 amounted to N26.81bn.

NBET also disclosed in a statement issued on Thursday that the top three remitters were Eko Disco, Abuja Disco, and Port Harcourt Disco with 93.4 per cent, 86.6 per cent and 76.4 per cent respectively.

The statement titled ‘NBET names Eko DISCO as the highest remitter in the June 2021 market receipt for grid distributed electricity’ said the remitted fund had been disbursed to the generating companies in proportion to their invoices.

NBET said, “The June 2021 market receipts from DISCOS is N26.811billion, with the three top remitters as Eko Disco, Abuja Disco, and Port Harcourt Disco with 93.4 per cent, 86.6 per cent and 76.4 per cent respectively.”

Head of Corporate Communications, Henrietta Ighomrore, stated that NBET was committed to ensuring timely and efficient payment to GENCOS to enable the generation firms fulfil their obligations and maintain sustainable supply of electricity to the grid.

According to Ighomrore, NBET is engaging with all stakeholders in the value chain to ensure payment improvement and viability of the Nigerian electricity market.

– Punch

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