DisCos generate ₦100bn revenue in one month amid tariff hike
The increased earnings which rose from ₦95 billion in January 2024, to ₦100 billion in March 2024, comes amid complaints of drop in power generation.
The declining power generation during the period was traced to the gas shortages reported by electricity generating companies (GenCos) as gas companies stopped supplying gas to them due to unpaid debts.
In Q1, 2024, the DisCos recorded a combined income of ₦292 billion and the increase in revenue earned during the period has been linked to the recent tariff hike by the DisCos.
Data released by the Nigerian Electricity Regulatory Commission (NERC) shows that in January 2024, the power supply to the DisCos was recorded as 2,577 gigawatt-hours while 2,072GWh of the energy received was billed.
The billing efficiency was recorded at 80% in January while the sum ₦130.9 billion was pegged as total billing. Total revenue collected was recorded at ₦95 billion, representing 72% billing efficiency.
In February 2024, DisCos received 2,149GWh as total energy, a decline from the volume received in January.
The volume of energy billed by the DisCos was recorded as 1,759GWh and ₦97 billion revenue was collected from ₦113 billion billing charges sent out.
In March, the volume of total energy received stood at 2,468GWh. 1,975GWh out of the total energy was billed at ₦126.5 billion and ₦100 billion was generated as revenue.
Pulse
