From November 2020 through September 2022, at least N1.367 trillion was paid by Nigeria’s estimated 12.792 million registered users as bills for power supply to the country’s 11 distribution companies, DisCos.
The Nigerian Electricity Regulatory Commission revealed this information in a report released recently.
Customer debt was listed as N590.6 billion out of a total bill amount of N1.958 trillion.
It went on to say that during that time period, the Nigerian Electricity Market (NEM) experienced a market shortage of N1.7 trillion.
Bands A, C, B, D, and Lifelines were identified as the categories by which consumers were billed and collected revenue.
Band A clients (with over 20 hours of energy supply) posted the highest billing of N748.9 billion and the greatest revenue collection of N623.1 billion, accounting for nearly 45 per cent of the generated income. However, there was N125.8 billion in outstanding bills from clients.