Electrical energy Shoppers Fail to Pay N71.53bn in January – Report
Electrical energy shoppers of the 12 electrical energy distribution corporations (DisCos) did not pay N71.53bn of electrical energy they consumed for the month of January.
In keeping with a factsheet by the Nigerian Electrical energy Regulatory Fee (NERC), the DisCos collected N178.68bn from the N250.21bn payments they issued.
In keeping with the factsheet, Aba Energy charged its prospects N5.79bn however collected N2.43bn whereas Abuja DisCo collected N24.82bn from N32.61bn.
Benin DisCo obtained N17.53bn from N23.24bn it issued out, Eko FDisCo collected N36.01bn from N42.03bn; Enugu DisCo obtained N13.85bn from N17.33bn invoice; Ibadan DisCo collected N21.84bn from N29.57bn.
Others embrace Ikeja DisCo which raked in N32.81bn from the N44.02bn it issued. Jos DisCo collected N4.30bn from the N10.02bn it issued out whereas Kaduna DisCo obtained N3.06bn from N7.75bn.
Kano DisCo billed its prospects N12.47 however acquired N7.08bn whereas Port Harcourt DisCo collected N12.56bn from the N21.03bn it issued out and Yola DisCo collected N2.34bn from the N4.33bn it issued out.
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The factsheet famous that the income assortment of your entire disco dropped by 3.29 % from what was collected in December 2024.
The drop within the shoppers’ fee of electrical energy payments compound the liquidity disaster affecting the ability sector.
Already, the federal government is owing DisCos and GenCos over N2trn for subsidy fee of final yr.
The Minister of Energy, Adebayo Adelabu had final month mentioned one of many main points he’s battling is the large debt within the sector.
He mentioned, “We’re speaking about legacy debt, which is throughout the board, over N2tn, and we nonetheless have an unpaid subsidy for 2024; we’ve got one other N1.9 trillion owed to them as a part of electrical energy subsidy for 2024, whereas DisCos are owed N450bn for 2024 electrical energy subsidy.
“How do you anticipate the GenCos to carry out optimally? How do you anticipate them to pay for gasoline, service and preserve their generators and different infrastructure in addition to pay their workers if a complete of N4 trillion is being owed to them?”
SOURCE: Every day Belief
