NERC: Discos Collected N188bn as Revenue Out of N265bn Billed in Q2, 2022 Emmanuel Addeh in Abuja The Nigerian Electricity Regulatory Commission (NERC) has revealed that power Distribution Companies (Discos) were only able
The Nigerian Electricity Regulatory Commission has revealed that power Distribution Companies were only able to collect N188.29 billion as revenue out of the total of N265.68 billion billed between April and June 2022.
Collection efficiency is an indicator of the proportion of the amount that has been collected from customers relative to the amount billed to them by the Discos. The commission emphasised the imperative for Discos to employ technologies NER operational procedures to increase both billing and collection performances, in order to forestall long term financial challenges.
“Persistent inability in meeting loss reduction targets could prevent Discos from meeting their upstream market obligations and adversely affect their long-term financial positions,” NERC warned.
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