DisCos collected N247.3bn from electricity customers in 3 months

The Electricity Distribution Companies (DisCos) collected revenue of N247.33 billion from consumers in the first quarter (Q1) of 2023, according to the National Bureau of Statistics (NBS).

The DisCOs collected N232.32 billion in the preceding Q4 2022.

The NBS Nigeria Electricity Report for Q1 2023 released in Abuja on Wednesday showed that on a year-on-year basis, revenue generated rose by 20.81 per cent from N204.74 billion recorded in Q1 2022.

It said electricity supply increased to 5,852 (Gwh) in Q1 2023 from 5,611 (Gwh) recorded in Q4 2022.

However, the report said on a year-on-year basis, electricity supply declined by 1.74 per cent compared to 5,956 (Gwh) reported in Q1 2022.

The report focuses on energy billed, revenue generated, and customers by DisCos under the reviewed period.

Meanwhile, the number of DisCos customers in Nigeria increased from 11.06 million in Q4 2022 to 11.27 million in Q1 2023.

The report said on a year-on-year basis, customer numbers in Q1 2023 increased by 5.99 per cent from 10.63 million reported in Q1 2022 to 11.27 million in Q1 2023.

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It said in Q1 2023, the number of metered customers stood at 5.31 million from the 5.13 million recorded in Q4 2022, this indicated a 3.61 per cent increase.

On a year-on-year basis, this grew by 5.71 per cent from the figure reported in Q1 2022 at 4.79 million.

Similarly, the report said that estimated customers stood at 5.96 million in Q1 2023, this was higher by 0.40 per cent from the 5.93 million recorded in Q4 2022.

On a year-on-year basis, estimated customers increased by 1.99 per cent in Q1 2023 from 5.84 million recorded in Q1 2022.

The Star