Welcome Guest, Kindly Login | Register

Electricity distribution companies increased revenue by 44.5% in one year: NBS

By - | Categories: BusinessTags:

Share this post:

4099c7c3 discos

In its new Nigeria Electricity Report 2021, the National Bureau of Statistics, says earnings by distribution companies jumped by 44.5 per cent compared to the previous year.

Specifically, the total revenue collected by DisCos stood at N761.17 billion, as against N526.77 billion in 2020.

The report was released in Abuja on Monday.

Electricity customers increased from 10.37 million in 2020 to 10.51 million in 2021, the report noted while the number of metered customers rose by 36.18 per cent from 3.51 million in 2020 to 4.77 million in 2021.

It, however, said estimated billing customers decreased by 16.32 per cent from 6.86 million in 2020 to 5.74 million in 2021.

The report showed that in total, electricity billed in 2021 grew by 5.98 per cent from 22,042.28 (Gwh) in 2020 to 23,360.59 (Gwh) in 2021.

It said that the Abuja Electricity Distribution Company (AEDC) recorded the highest number of metered customers in 2021 at 701,781, while Yola Electricity Distribution Company (YEDC) recorded the least with 65,098.

The report said Ikeja Electricity Distribution Company (IEDC) recorded the highest electricity supplied in 2021 with 4,088.62 Gwh, while YEDC recorded the lowest at 422.00 Gwh.

Similarly, the report said the highest revenue collected was by IEDC with 155,012.01 million while the least collection was recorded in YEDC with 9,804.00m million.