The Nigerian Electricity Regulatory Commission (NERC) has revealed that all the distribution companies (DisCos) in the country generated total revenue of ₦204.74 billion for January 2026, representing a collection rate of 76.34%.

The report was contained in the January 2026 Commercial Performance Factsheet (CPF) for the DisCos, released by the commission on Wednesday in Abuja. NERC’s CPF provided a breakdown of the financial health and efficiency of the distribution companies, including the new Aggregate Technical, Commercial and Collection (ATC&C) loss targets.

The factsheet revealed that out of the total energy received by the DisCos, valued at ₦336.43 billion, the total energy billed stood at ₦265.20 billion, while total revenue collected was ₦204.74 billion, indicating a shortfall of ₦131.69 billion.

It added that out of the ₦124.30k allowed average tariff per kWh, the actual average collection per kWh was ₦85.97k, leading to a recovery efficiency of 69.16% across all DisCos. For the ATC&C loss targets, the commission approved reduced targets for 2026 (averaging 16.92%) to reflect the expected impact of DisCo investments made in 2025.

According to the report, in the month under review, Ikeja DisCo recorded the strongest revenue recovery performance at 87.77%, followed by Eko (87.87%), Port Harcourt (79.39%), Benin (79.32%) and Abuja (78.09%). The report added that Ibadan (75.81%), Enugu (68.80%) and Yola (67.40%) recorded moderate recovery levels.

(Tribune News)