The 11 electricity distribution companies, DisCos, in Nigeria collected a total of N199.90 billion in customer bills in the first quarter of 2022.
This is stated in the first quarterly report for 2022 published by the Nigerian Electricity Regulatory Authority, NERC, on Friday.
It stated that of the N295.69 billion billed to DisCos customers in the period under review, only 67.36 per cent (N99.90 billion) were collected, which is down from the 69.34 per cent bill collected in 2021.
Urge NERC DisCos to use technologies and other operational procedures to increase billing and performance.
“Total revenue collected by all DisCos in 2022/Q1 was 199.90 billion yen out of 295.69 billion yen billed to customers – this corresponds to a collection efficiency of 67.36%, which is a decrease of 1.98 dpi compared to 2021/Q fourth, where average collection efficiency was 69.34%.In monetary terms, although billings in 2022/Q1 decreased by 7.41 billion yen (-2.44%), revenue collection decreased at a higher rate – 10.98 billion yen (-5.22%) ).
“It is imperative that DisCos use operational technologies and procedures to increase billing and collections performance to prevent long-term financial challenges. These may include comprehensive accounting procedures for energy, customer and infrastructure metering, etc.
NERC is constitutionally mandated to submit a quarterly report on the performance of the Nigerian Electricity Supply Industry, NESI, to the President and the National Assembly.
11 DisCos Bill Customers of N199.90 Billion in Q1 2022 – NERC