Nigerian Discos lose N28.97bn to unpaid electricity bills in July – NERC

The eleven Electricity Distribution Companies in Nigeria have lost N28.97 billion to unpaid electricity due to customers in July 2024.

The Nigerian Electricity Regulatory Commission disclosed this on Thursday in its Commercial Performance of Discos Factsheet for July 2024.

This figure represents 17.74 percent of the total bills to electricity customers in the period under review.

Meanwhile, the Discos recorded 82.26 percent electricity bill collection efficiency and earned N162.12 billion from N197.11 billion issued bills in July 2024.

The NERC’s data showed that Ikeja, Eko and Abuja Discos collected the highest bills of N33.98 billion, N28.35 billion and N25.16 respectively in the period under review.

On the flip side, Aba Disco recorded the lowest electricity bill of N1.34 billion in July 2024.

This comes as Nigerians still grapple with inadequate power supply, with an average of 5000 megawatts for an estimated population of over 250 million.

THIS IS STORY FIRST APPEARED IN DAILY POST