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DisCos Revenue Falls to ₦207bn in December – NERC
Nigeria’s 11 electricity distribution companies (DisCos) generated a combined ₦207.49bn in December 2025, slightly down from ₦208.78bn in November, according to the latest National Electricity Regulatory Commission (NERC) factsheet.
The report showed that DisCos achieved 80.22% collection efficiency, with ₦258.66bn billed to customers out of ₦309.65bn worth of energy received. Billing efficiency stood at 83.53%, up 4.82 percentage points from November.
Revenue recovery also improved, with the average collection rising to ₦98.97 per kWh, a 9.85% increase. Recovery efficiency climbed to 79.62%, up 7.14 points from the previous month.
Despite these gains, a gap remains between the allowed average tariff of ₦124.30/kWh and actual collections, highlighting persistent liquidity challenges in the sector.
Among the DisCos, Eko recorded the strongest performance with 99.45% recovery, nearly achieving full revenue recovery. Yola (87.89%), Ikeja (85.32%), and Abuja (84.43%) also posted strong results.
Others, including Benin (71.36%), Ibadan (73.19%), Enugu (73.50%), and Port Harcourt (79.29%), delivered moderate recovery levels, reflecting uneven performance across the industry.
NERC said the figures provide a clear picture of how effectively DisCos are billing, collecting, and recovering revenue — key indicators for strengthening liquidity and improving service delivery in the Nigerian Electricity Supply Industry (NESI).
Analysts note that while efficiency gains are encouraging, bridging the tariff-collection gap remains critical to ensuring sustainable operations and attracting investment into Nigeria’s power sector.
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