Electric Energy
NERC: DISCOs collected N114 billion revenues in Q1 of 2020
The latest quarterly report issued by the Nigerian Electricity Regulatory Commission, NERC, showed that a total of N114 billion was collected as revenue by the 11 electricity Distribution Companies, DISCOs, in the first quarter of 2020. The report also indicated that while the collection efficiency decreased considerably, the regulatory agency listed Abuja, Benin and Eko DISCOs as the companies with the most efficient collection systems. Meanwhile, the report which covered the first quarter of 2020 also showed that the country generated more electricity compared to the last quarter of 2019 with total electricity generated put at 8,613,998MWh, 6.33 per cent more than the energy generated during the preceding quarter. The regulatory agency noted that the collection efficiency implied that fo...
