DisCos generated N603.64bn revenue in Q2 2026 — NERC

A Q2 2026 report from the Nigerian Electricity Regulatory Commission (NERC) has revealed that electricity distribution companies (DisCos) generated N603.64 billion out of N744.67 billion billed to customers, showing 81.06 per cent in collection efficiency and representing an increase of 2.11 per cent when compared to 2026 Q1 (78.95 per cent).

According to the report, the weighted average Aggregate Technical, Commercial and Collection (ATC&C) loss across all DisCos in 2026/Q2 was 36.23 per cent, including technical and commercial loss (21.33 per cent) and collection loss (18.94 per cent). The ATC&C loss of 36.23 per cent, it added, is 19.31 percentage points (pp) higher than the 2026 MYTO target (16.92 per cent), translating to a cumulative revenue loss of N129.073 billion across all DisCos.

NERC further stated that the ATC&C loss comprised billing losses incurred by a DisCo due to its inability to bill 100 per cent of energy delivered to customers (technical and commercial losses), and collection losses arising from the DisCo’s inability to collect 100 per cent of the bills issued to customers.

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It said: “The ATC&C loss decreased by 1.21 pp (better performance) compared to 2026/Q1 (37.44 per cent). All the DisCos failed to meet their ATC&C targets during the quarter, with Kaduna DisCo recording the worst underperformance relative to the target (Actual – 67.70 per cent vs target – 18.18 per cent).”

On market remittance, NERC said in 2026/Q2, the cumulative upstream invoice payable by DisCos was N410.38 billion, consisting of N326.46 billion for DRO-adjusted generation costs from Nigeria Bulk Electricity Trading Plc (NBET) and N83.92 billion for transmission and administrative services by the Market Operator (MO).

Out of this amount, the regulator said the DisCos collectively remitted a total sum of N385.44 billion (N306.62 billion for NBET and N78.82 billion for MO), with an outstanding balance of N24.94 billion.