Amid complaints of low power generation, the electricity distribution companies were able to raise monthly revenue from N95bn in January to N100bn in March 2024
According to data released by the Nigerian Electricity Regulatory Commission, N97bn revenue was generated in February.
Punch correspondent observed that the rise in revenue occurred at a time when the country experienced a huge drop in power supply as a result of gas shortages.
Data from the NERC showed Discos received 2,577 gigawatt-hours of power and billed 2,072GWh of the energy received, recording 80 per cent billing efficiency in January.
It was stated that N130.9bn was the total billing, while the total revenue collected stood at N95bn, representing 72 per cent billing efficiency. The allowed average tariff rate in the month was N59.89k per kilowatt-hour, and the actual average collection was N36.97k/KWh.
It was noted that the total energy received by the Discos in February dropped to 2,149GWh, out of which 1,759GWh was billed by the Discos, adding that N97bn revenue was collected from N113bn billings.
The 1,975GWh energy was billed in March from the 2,468GWh received, while N100bn was generated from N126.5bn billings.
The rise in revenue is traceable to an increase in tariff, as the NERC said the allowed average tariff for March was N62.73k/KWh while the actual average collection was N40.69k/KWh.
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SMH
Adelabu is so keen on making money