The Nigerian Electricity Regulatory Commission has announced that power distribution companies collected a total revenue of N193.53bn from consumers across the country in the third quarter of 2021.
However, in its just-released third quarter 2021 report, the power sector regulator stated that the 11 electricity distribution companies raked in over N193bn during the three-month period.
Commenting on collection efficiency by the Discos, the commission said, “The total revenue collected by all Discos in 2021/Q3 was N193.53bn out of the N273bn billed to customers.
This represents a collection efficiency of 70.89 per cent as compared to 68.89 per cent recorded in 2021/Q2.