Power distributors collected over two hundred billion naira in revenue for a single month. The Nigerian Electricity Regulatory Commission reported that the twelve distribution companies gathered two hundred ten billion naira in October. Their total billing for the period reached two hundred fifty-five billion naira, leaving forty-five billion uncollected.
The total cost of energy supplied to these companies was three hundred three point eight five billion naira. The allowed tariff stood at one hundred sixteen naira per kilowatt-hour, but the actual collected average was ninety-five naira. This difference represents a government subsidy of twenty naira per unit.
Federal government absorption of costs totaled forty-eight point six six billion naira for the month. The Discos recorded an eighty-four percent billing efficiency. Their collection efficiency reached almost eighty-three percent, with a similar rate for overall revenue recovery.
The total cost of energy supplied to these companies was three hundred three point eight five billion naira. The allowed tariff stood at one hundred sixteen naira per kilowatt-hour, but the actual collected average was ninety-five naira. This difference represents a government subsidy of twenty naira per unit.
Federal government absorption of costs totaled forty-eight point six six billion naira for the month. The Discos recorded an eighty-four percent billing efficiency. Their collection efficiency reached almost eighty-three percent, with a similar rate for overall revenue recovery.
