DisCos’ Revenue Dips to N208bn in November as Collection Efficiency Declines
The Nigerian Electricity Regulatory Commission (NERC) has reported a decline in the revenue generated by power distribution companies (DisCos), with total collections dropping to N208.78 billion in November 2025.
This figure represents a 1.01 percent decrease from the N210.92 billion recorded in October 2025, highlighting a slight setback in the sector’s financial performance despite an increase in consumer billing.
According to the ‘DisCos commercial performance fact sheet’ released by the commission, the revenue was realized from a total of N269.43 billion billed to electricity consumers during the period.
The report indicates that while the amount billed by the DisCos actually rose by 5.58 percent from the N255.19 billion recorded in October, the companies struggled to convert these bills into cash, leading to a drop in collection efficiency.
Specifically, collection efficiency fell from 82.66 percent in the previous month to 77.49 percent in November.
The data further revealed that the total value of energy received by the DisCos surged to N342.29 billion in November, marking a significant 12.65 percent increase from the N303.85 billion recorded in October.
NERC noted that the average recoverable tariff across the distribution networks stood at N124.30 per kilowatt-hour, yet the actual average collection was considerably lower at approximately N90.09 per kilowatt-hour, underscoring the persistent liquidity gap in the market.
In terms of individual performance, Eko DisCo led the pack with a revenue collection efficiency of 91.67 percent, followed closely by Ikeja DisCo at 89.72 percent, and Abuja DisCo at 74.78 percent.
On the other end of the spectrum, Kaduna DisCo recorded the poorest performance with a collection efficiency of just 33.24 percent, while Jos and Ibadan DisCos also lagged behind, posting recovery efficiencies of 51.84 percent and 59.75 percent respectively.
