- The Q2 2023 amount translates to a collection efficiency of 75.54%, representing an increase of 6.79pp compared to 2023/Q1 (68.75%).
- There was no on-grid system collapse during the quarter, marking the 3rd consecutive quarter since 2022/Q4.
The Nigerian Electricity Regulatory Commission (NERC) has revealed that power consumers paid a total of N267.86bn as electricity bills in the second quarter of 2023 (Q2 2023). The regulator disclosed this in the recently released second quarter 2023 report. The report showed the collection efficiency of power distribution companies (Discos) during the period under review.
The report said, “The total revenue collected by all Discos in 2023/Q2 was N267.86bn out of N354.61bn billed to customers. This translates to a collection efficiency of 75.54 per cent, representing an increase of 6.79pp (basic points) compared to 2023/Q1 (68.75 per cent). The increased metering by Discos is responsible for the increase in collection efficiency. This also includes the implementation of various collection campaigns for improved remittance by post-paid customers.”
On market remittance, the NERC report stated that the cumulative upstream invoice payable by Discos was N194.69 billion in 2023/Q2. This consists of N154.04 billion for generation costs from Nigerian Bulk Electricity Trading (NBET). It also includes N40.65bn for transmission and administrative services by the Market Operator.
“Out of this amount, the Discos collectively remitted a total sum of N185.36bn (N152.48bn for NBET and N32.88bn for MO) with an outstanding balance of N9.32bn. This translates to a remittance performance of 95.21 per cent in 2023/Q2 compared to the 67.43 per cent recorded in 2023/Q1,” the report added.
On remittance by special and cross-border customers, NERC stated that in 2023/Q2, out of the four international customers serviced by the MO, only Transcorp-SBEE made a payment of $1.43 million against an invoice of $2.13 million issued for services rendered in 2023/Q2. On grid performance, there was no incidence of system collapse during the quarter. According to NERC, this marks the third consecutive quarter since 2022/Q4, during which the grid has not experienced any disturbance/collapse.