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The electricity distribution companies in Nigeria has managed to generate a revenue of N291.62bn during the first quarter of 2024 despite experiencing power outages in certain parts of the country.
This was a result of loss of 673 megawatts of power generation capacity due to gas shortages.
The Nigerian Electricity Regulatory Commission reported that the revenue was generated from the N368.65bn billed to customers in the first three months of the year.
The collection efficiency of the DisCos was noted to be 79.11%, showing an increase of +5.32 percentage points compared to the previous quarter.
The report also indicated that the average available generation capacity across all 27 plants in the country during the quarter was 4,249.10MW, representing a decrease of 13.68% compared to the previous quarter.
Additionally, 17 out of the 27 grid-connected plants recorded decreased available generation capacities in Q1 2024 compared to Q4 2023.
This period coincided with a power crisis due to gas companies refusing to supply gas to power-generating companies because of unpaid debts.
Furthermore, the average energy offtake by the DisCos at their trading points decreased to 3,283.87 megawatt-hours, while the total energy received by all Discos in 2024/Q1 was 7,171.93 gigawatt-hours.
The energy billed to end-use customers was 5,769.52GWh, resulting in an overall billing efficiency of 80.45%, which is a two per cent increase from the previous quarter.
