Electricity: DisCos’ revenue collection rises 30% to N782.74bn

IN spite of ongoing epileptic power supply across the country, revenue collection by eleven electricity distribution companies, DisCos rose by 30 percent in the first nine months of 2023 to N782.74 billion when compared to N598.13 billion collected over similar period in 2022, latest data from the Nigerian Electricity Regulatory Commission, NERC, has shown. 

The data also showed that collection efficiency improved by three percentage points, rising to 73.6 percent recorded in the first nine months of 2023 when compared to 70.12 percent collection efficiency recorded in the first nine months of 2022.