11 Electricity distribution companies (DisCos) generated a total of N196.13bn revenue in March 2026, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission (NERC).
The figure represents a marginal decline of 0.28 per cent from the N196.68bn collected in February, despite an increase in total energy received and billed during the month.
NERC’s factsheet showed that the 11 DisCos received electricity worth N293.76bn and billed customers N246.43bn, translating to a national billing efficiency of 83.89 per cent.
However, only 79.59 per cent of the billed revenue was collected, resulting in total collections of N196.13bn.
The Commission stated that among the distribution companies, Ikeja Electric emerged as the best performer in revenue collection efficiency, recording 96.38 per cent and a revenue recovery efficiency of 99.30 per cent.
However, NERC stated that
Kaduna Electric ranked as the worst-performing Disco during the period.
According to the factsheet, it posted a collection efficiency of just 38.54 per cent, collecting only N4.66bn out of N12.10bn billed to customers.
NERC added that Kaduna Electric also recorded the lowest revenue recovery efficiency at 35.65 per cent, significantly below the industry benchmark.
During the period under review, the factsheet stated that Jos Electricity Distribution Company also struggled, posting a collection efficiency of 57.94 per cent and a recovery efficiency of 53.53 per cent.
Also, Yola Disco recorded the lowest billing efficiency of 58.68 per cent and a recovery efficiency of 58.58 per cent.
The report further showed that Abuja DisCo, despite accounting for the highest energy receipt and billing volumes, recorded a collection efficiency of 75.80 per cent, below the industry average.
A breakdown of the report showed that the sector’s revenue recovery efficiency stood at 81.05 per cent, indicating that DisCos recovered just over four-fifths of the revenue expected based on approved tariffs.
