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DISCOS
News and analysis about DISCO
The national grid has collapsed once more, throwing the country into yet another blackout.
Electricity distribution companies across Nigeria collected N168.7 billion in revenues in August 2024, achieving a collection efficiency rate of 80.91%.
The Federal Competition and Consumer Protection Commission (FCCPC) has assured consumers that they will not bear the financial burden of replacing Unistar prepaid meters as Ikeja Electric Plc and other electricity distribution companies (DisCos) begin phasing out outdated devices.
The national grid has collapsed for the third time in less than a week, plunging the nation into a major blackout.
Nigeria’s national grid has collapsed again, plunging the country into another round of blackouts just 24 hours after service was restored.
The Nigeria Electricity Regulatory Commission (NERC) states that meter installation by electricity distribution companies declined by as much as 60.86% in the second quarter of 2024.
Nigerian Electricity Distribution Companies (DisCos) recorded the sum of N431.16 billion as revenues from customers in Q2 2024, reflecting a collection efficiency of 79.31%.
Electricity distribution companies nationwide lost N25.71 billion in revenues due to inefficiency in collection in June 2024.
Electricity distribution companies across the country collected N150.86 billion in revenues in June 2024 representing a collection efficiency rate of 85.44%.
Nigeria’s power generation reached a three-year high of 5,313 MW on Monday, according to the Ministry of Power.
The Federal Government has stated that $800 million will soon be released for the construction of new substations and distribution networks under the Presidential Power Initiative.
The Federal government through the Bureau of Public Enterprise (BPE) has put pen to paper with three Chinese firms to deploy 1.43 million electricity meters across the country.