DisCos revenue collection increases by N43bn in 12months
Compared to last year, the ten electricity distribution companies (DisCos) have raised energy revenue collection by N43 billion, while also reducing their Aggregate Technical, Commercial and Collection (ATC&C) losses to 45 per cent.
Between October 2017 and September 2018 the collection efficiency was 65 per cent putting the total collection at N423billion.
According to an analysis of the Key Performance Indicators (KPI) Report the DisCos submitted to the Nigerian Electricity Regulatory Commission (NERC) the DisCos reduced their Aggregate Technical, Commercial and Collection (ATC&C) losses by 3.6 per cent within one year – ATC&C which was 49 per cent in 2018, has been reduced to 45 per cent in 2019.
In a statement issued on Tuesday by the Director of Research and Advocacy, Association of Nigerian Electricity Distributors (ANED) Sunday Oduntan, the DisCos umbrella body said from October 2018 to June 2019, the 10 DisCos raised their energy revenue collection to N466bn.
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“This is a reflection of DisCos’ commitment to reducing losses, even within the context of the financial crisis of the power sector, “he said.
Oduntan noted that the DisCos, while increasing their collections by N43bn in a year, by a rate that represents over 10 per cent of improvement, also raised billing efficiency by 5 per cent during the period under review.
On the energy delivered, ANED stated that customers were billed for 20,600 gigawatts hour (GWh) of energy from 2017 to 2018, amounting to N650bn, of which N423bn was collected.
However, it said for the period of 2018 through 2019, the DisCos recorded huge improvement in billings – they billed 21,650GWH of energy totalling N693bn and collected N466bn.