The umbrella body of the 10 Electricity Distribution Companies(DisCos), Association of Nigerian Electricity Distributors (ANED) has said that within a space of one year, its members have increased energy revenue collection by 10 per cent.
It said that unlike in 2018 when the collection was just N423billion, this was increased by N43billion making the total of N466billion in 2019.
In a statement issued by the Director of Research and Advocacy, Association of Nigerian Electricity Distributors (ANED) Barr. Sunday Oduntan, the DisCos umbrella body also noted a reduction in their Aggregate Technical, Commercial and Collection (ATC&C) losses to 45 per cent.
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.
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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, ” the statement partly reads.
It 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 to the DisCos, 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.
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