…as DisCos fail to collect N80.49b revenue

The Nigerian Electricity Supply Industry (NESI) recorded N14.3/kwh dip in the subsidy allowed customers of the distribution companies (DisCos) in February 2026, The Nation learnt on Tuesday.

The Nigerian Electricity Regulatory Commission (NERC) made the disclosure in its Factsheet February 2026 containing the Commercial Performance of Distribution Companies (DisCos).

According to the factsheet, actual average collection on electricity rose to N100.27kwh in February 2026 from N85.97Kwh in January 2026.

The difference between the allowed average tariff and the actual average collection is known as the subsidy payment from the Federal Government in the electricity market.

In the period under review, while the actual tariff was N124.30/KWh the actual average collection was N100.27.

The subsidy payment in February was N24.03/kwh while the subsidy payment in January was N38.33kwh, resulting in the N14.3/KWh difference in a month.

In the period under review, NERC said the total energy the 11 DisCos received from the Nigerian System Operator (NISO) was N277.09billion.

Of the amount, the DisCos could only collect N196.6 billion revenue from the customers, which they billed N242.29billion.

The factsheet indicated that the DisCos failed to collect N80.49 billion revenue in February.

NERC also issued another document on Tuesday, which showed the financial health and efficiency of the Distribution Companies (DisCos), including the new ATC&C loss targets.

According to the factsheet, the N196.6billion revenue collections represented 81.17 per cent of the N242.29 billion bills from the DisCos in the period under review.

Similarly, NERC disclosed that the DisCos recorded 87.44 per cent billing efficiency in February.

“Billing Efficiency: Stood at 87.44%, with total energy billed reaching ₦242.29bn.

“Collection Efficiency: Recorded at 81.17%, resulting in a total revenue collection of ₦196.68bn for the month.

“ATC&C Loss Targets: The Commission approved reduced targets for 2026 (averaging 16.64%) to reflect the expected impact of DisCo investments made in 2025,” said NERC.

The factsheet said the average recovery efficiency across all DisCos was 80.67 per cent in February. (The Nation)