As Billing Revenues Reach N842 billion in a Year, Discos’ Collection Efficiency Increases.
According to the most recent data made available by the Nigerian electrical Regulatory Commission (NERC), the collection efficiency of the electrical Distribution Companies (Discos) operating in the nation increased throughout the year, reaching a record N842 billion between January and December.
Operators in the electricity sector have continuously attributed the declining investment in Nigeria’s power sector to the sector’s illiquidity, which is mostly caused by insufficient billing collection. The N1.18 trillion that was invoiced to clients during the time was split among the quarters as follows: N295.6 billion, N265.6 billion, N291.6 billion, and N332.2 billion, according to the paper. Of that amount, N842 billion was collected.
Additionally, the total energy received by all Discos in 2022/Q4 was 7,661.97GWh, whereas 5,835.62GWh of that energy was billed to end users, resulting in an average billing efficiency of 76.16 %.
“However, despite receiving bills for $3.03 million and $2.02 million, respectively, from Paras-SBEE and Odukpani-CEET, no payment was made to the Market Operator (MO).
Additionally, the commission reported that in 2022/Q4 it authorized the revision of two on-grid embedded generation licenses as well as the issuing of two new generation licenses with a combined capacity of 56.50 mw.