• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

11 DISCOs owe NBET N120 billion

Onome Ohwovoriole by Onome Ohwovoriole
August 18, 2017
in Business News, Company News
11 DISCOs owe NBET N120 billion
Share on FacebookShare on TwitterShare on Linkedin

All electricity distribution companies in the country are currently indebted to the National Bulk Electricity Trading Board  ( NBET) the tune of N120 billion. The NBET purchases power from the Generating Companies (GENCOs) and then in return sells the electricity to the Distribution Companies (DISCOs). The DISCOs then supply the power to retail consumers. Abuja DISCO was the most indebted with a N17. 3 billion debt as at June 2017, while Yola DISCO had the least debt at  N1.7 billion.

What led to the debt?

Several factors have led to the debts accumulated by the DISCOs.  Many customers bypass meters, yet consume electricity while some outrightly refuse to pay. Estimated billing which is applied in many areas many the full cost of distributing power is not recovered. As the problems worsen, the debts accumulate. Tariffs charged by the DISCOs are currently below the cost at which they get power from the NBET, another reason for the debt. The National Electricity Regulatory Commission (NERC) which sets the tariff, had proposed an increase, but the move has been suspended following the intervention of the National Assembly as well as a case pending in court.

RelatedStories

NERC adopts new tariff tool for mini-grid regulation  

EKEDC, IKEDC, AEDC top remittance chart as DisCos pay N1.18 trillion in 2024 – NERC 

July 14, 2025
Discos

DisCos overall billing efficiency falls to 81% in Q1 2025 – NERC 

July 4, 2025

Implications of the debt

The DISCOs debt means Generating Companies GENCOs do not get full payment for power they generate. The GENCOs in turn end up owing gas suppliers. As the debts increase, maintenance and expansion programmes will be put on hold. Ultimately, less power is produced and even less is paid for.

Tags: DISCOSGENCOSNational Bulk Electricity Trading BoardNBET
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

NERC adopts new tariff tool for mini-grid regulation  
Energy

EKEDC, IKEDC, AEDC top remittance chart as DisCos pay N1.18 trillion in 2024 – NERC 

July 14, 2025
Discos
Energy

DisCos overall billing efficiency falls to 81% in Q1 2025 – NERC 

July 4, 2025
Why Nigeria May Never Enjoy 24/7 Power in Our Lifetime – Odion Omonfoman on Talknomics
Digital Media

Why Nigeria May Never Enjoy 24/7 Power in Our Lifetime – Odion Omonfoman on Talknomics

June 27, 2025
AI boom propels global stocks to best quarter in 5 years 
Energy

President Tinubu to meet GenCos over N4 trillion debt to avert power sector collapse 

May 4, 2025
Nigeria to fix irregular power supply in 40 years- Senate, Customers to pay for metering through cost of tariff- NERC
Energy

Band A customers don’t get up to 10 hours of power daily, it’s a scam – Analyst alleges 

April 22, 2025
Discos
Energy

Experts, consumers differ on NERC’s N628 million fine on DisCos over estimated billing breach 

April 18, 2025
Next Post
Ibe Kachikwu

FG has changed its course on the sale of refineries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Lagos Govt, unions agree on N10,000 e-call-up fee for trucks on Lekki-Epe corridor, effective August 1 
  • Top 10 most affordable states to live in Nigeria – June 2025 ranking  
  • NGX Oil and Gas Index: Worst performer in H1 2025, but component stocks look cheap 

Follow us on social media:

Recent News

Lagos Govt, unions agree on N10,000 e-call-up fee for trucks on Lekki-Epe corridor, effective August 1 

Lagos Govt, unions agree on N10,000 e-call-up fee for trucks on Lekki-Epe corridor, effective August 1 

July 17, 2025
Top 10 most affordable states to live in Nigeria – June 2025 ranking  

Top 10 most affordable states to live in Nigeria – June 2025 ranking  

July 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics