FG Discloses Consumers Paid N268bn Electricity Bills in Q2.

Federal Government, on Monday, disclosed power consumers paid a total of N267.86bn as electricity bills in the second quarter of this year.

It expressed this in the just released second quarter 2023 report of the Nigerian Electricity Regulatory Commission, while explaining the collection efficiency of power distribution companies during the review period.

On market remittance, the NERC report stated that in 2023/Q2, the cumulative upstream invoice payable by Discos was N194.69bn, consisting of N154.04bn   for generation costs from NBET (Nigerian Bulk Electricity Trading) and N40.65 billion Naira for transmission and administrative services by the market operator.

Data from the report showed that while the Discos improved in their remittances to the power market, international consumers of Nigeria’s electricity defaulted to a large extent during the review period.