#DailyDataCard: Electricity supply fails to keep pace with DisCos’ revenue
#DailyDataCard: Electricity supply fails to keep pace with DisCos’ revenue
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Distribution Company (DisCo) Revenues Dropped by 7.97% in Q2 2022
Electricity distribution companies (DisCo) recorded a 7.97% drop in revenue between Q1 and Q2 2022. The total revenue loss amounted to N16.32 billion, going from N204.74 billion generated in the first quarter (Q1) of 2022 to N188.41 billion in the year’s second quarter (Q2).
Two Schemes Later, Government Yet to Bridge Metering Gap
“In my house, the bill hovers around N11,250 per month and this is whether we have electricity or not” Samuel revealed to Dataphyte.
Electricity Consumption, Alternative Energy, and Nigeria’s New Electricity Tariff
In January 2020, the Nigerian Electricity Regulatory Commission (NERC) approved a new electricity tariff. This new tariff was to be charged by the 11 Electricity Distribution Companies (DisCos) commencing from April. Highlights of the new tariff include service reflective payment for electricity consumption and increases in the charge for electricity supply across the country. According to a Premium Times review, increases ranged between 60 per cent in places like Lagos, to about 73 per cent in Abuja, and about 78 per cent in Enugu.