KEY POINTS
- Nigeria’s power distribution companies (DisCos) recorded a combined revenue of N208.78 billion in November 2025, according to the Nigerian Electricity Regulatory Commission (NERC).
- The figure represents a 1.01 percent decline from the N210.92 billion generated in October 2025, even though customer billing increased during the period.
- NERC disclosed this in its DisCos Commercial Performance Factsheet for November 2025.
Nigeria’s power distribution companies, DisCos, recorded a combined revenue of N208.78 billion in November 2025, according to the Nigerian Electricity Regulatory Commission, NERC.
The figure represents a 1.01 percent decline from the N210.92 billion generated in October 2025, even though customer billing increased during the period.
NERC disclosed this in its DisCos Commercial Performance Factsheet for November 2025.
Customer Bills Rise, Collections Falter
The regulator revealed that DisCos issued electricity bills totalling N269.43 billion in November, reflecting a 5.58 percent increase from the N255.19 billion billed in October.
However, collection efficiency slipped to 77.49 percent, compared to 82.66 percent in the previous month, indicating that a larger share of billed revenue went uncollected.
The total value of energy received by DisCos rose significantly to N342.29 billion in November, up 12.65 percent from N303.85 billion recorded in October.
NERC noted that the average recoverable tariff across the distribution companies stood at N124.30 per kilowatt-hour, while the actual average collection was approximately N90.09 per kilowatt-hour — underscoring the persistent gap between cost-reflective tariffs and what DisCos are able to recover from customers.
Eko DisCo emerged as the best-performing distribution company in November, achieving a revenue collection efficiency of 91.67 percent. It was followed by Ikeja DisCo at 89.72 percent and Abuja DisCo at 74.78 percent.
On the other end of the spectrum, Kaduna DisCo posted the weakest performance with a recovery efficiency of 33.24 percent. Jos DisCo and Ibadan DisCo also trailed, recording efficiencies of 51.84 percent and 59.75 percent, respectively.
