- Electricity consumers in the country paid N258.91 billion for electricity.
- Electricity bills have more than tripled since July.
The latest report from the Nigeria Bulk Electricity Trading Plc, NBET, has shown that despite epileptic power supply and frequent blackouts, electricity consumers in the country paid N258.91 billion for electricity in the first seven months of 2022.
The report showed that the amount was, however, N194.4 billion short of the N453.31 billion invoiced for electricity supplied.
The figure was also 24.91 per cent short of the Minimum Remittance Order, MRO, set by the Nigerian Electricity Regulatory Commission, NERC, for electricity distribution companies, DisCos.
A close look at the monthly remittances by the DisCos showed that the 11 utilities remitted N38.87 billion in January, N40.08 billion in February, N31.27 billion in March, N38.78 billion in April, N30.09 billion in May, N33.48 billion in June and N46.34 billion in July.
The National President of the Electricity Consumers Association of Nigeria, Mr Chijoke James, said that though the power supply has improved since July 1, 2022, the electricity bills have more than tripled. He states, “The bills from the DisCos have tripled, especially for consumers on the estimated billing system. The government must compel the DisCos to provide meters to consumers”.