…As IKEDC Tops Collection Chart; Eko DisCo Leads In Collection Efficiency
The Nigerian Electricity Regulatory Commission (NERC) has reported that the electricity distribution companies’ (DisCos’) revenue collections increased by about 43 per cent in the first eight months of this year, with the operators’ earnings totalling about N1.5 trillion and compared to the N1.05 trillion collections they recorded in the corresponding period of 2024
The NERC, in its latest Commercial Performance Report released on Sunday, reported that cumulatively, the 11 DisCos raked in N553.63 billion in the first quarter of 2025, N564.71 billion in the second quarter, N193.96 billion in July. In its August 2025 fact sheet, the commission revealed that they collected N191.11 billion during the month, raising their total collections between January and August 2025 to about N1.503 trillion.
Comparatively, the report indicated that the DisCos collected N291.62 billion as revenue in the first quarter of 2024, N431.16 billion in the second quarter, N162 billion in July, and that the companies raked in N168.7 billion in August 2024, bringing their total revenue collections to N1.053 trillion in the eight-month period of last year
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According to the NERC’s data, the DisCos’ year-on-year revenue performance represents an increase of about N450 billion, reflecting improved billing and collection efficiency by most of the companies.
In the commission’s newly released August report based on remittances by the DisCos, Eko Electricity Distribution Company emerged as the top performer in revenue remittance, collecting N33.4 billion in August, which was marginally higher than the N33.2 billion it remitted in July while Ikeja Electric followed closely with N38.7 billion, compared to the N38.5 billion it remitted in July.
Also, the report showed that Abuja Electricity Distribution Company collected N29.09 billion in August, a marginal increase from N28.8 billion it raked in in July just as Benin DisCo raised its collection to N14.74 billion in August compared to the N14.3 billion in the preceding month.
In the month under review, Port Harcourt DisCo collected N14.45 billion, which was slightly higher than the N14.1 billion it collected in the preceding month, Enugu DisCo recorded N14.54 billion revenue collection in August compared to its N14.2 billion in July while Ibadan DisCo, collected N19.96 billion, representing a marginal increase over the N19.7 billion it generated as revenue in July.
A further analysis of the revenue performance of the DisCos showed that Jos DisCo collected N5.77 billion, lower than the N5.8 billion it collected in the preceding month, while Kaduna DisCo remitted N4.37 billion, slightly up from N4.2 billion in July; Kano DisCo collection increased to N9.39 billion in August from N9.1 billion it collected in the month, while Yola DisCo also increase its revenue to N2.94 billion compared to the N2.8 billion it collected in July.
The NERC further reported that the DisCos achieved an average collection efficiency of 80.07 per cent in August, marginally higher than 79.77 per cent in July, while overall revenue-recovery efficiency stood at 79.78 per cent.
The report revealed that the DisCos’ combined energy bill in August was N238.67 billion as they received electricity worth N284.64bn from the national grid.
A breakdown of the companies’ average collection efficiency showed that Eko DisCo led in collection efficiency at 85.64 per cent, followed by Ikeja Electric (102.67 per cent), which posted over 100 per cent recovery due to legacy-billing adjustments, while Jos and Kaduna DisCos remained the least-performing collection efficiency operators at 50 per cent and 52 per cent respectively.
The NERC attributed the DisCos’ revenue surge over the past months to a combination of better tariff enforcement, sustained metering drives, and tighter revenue monitoring by the regulator.
Despite the improved performance of the electricity distribution companies, the commission cautioned that they must still bridge existing gaps in billing accuracy and energy accounting, as the current national billing efficiency, which averaged 83.85 per cent, was still lower than international benchmarks.
While noting that illiquidity remains a lingering issue in the Nigerian Electricity Supply Industry (NESI), industry experts believe that recent improvements in revenue collection by the DisCos are suggestive of the financial stability across the electricity distribution value chains.
