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’Femi Asu
Electricity consumers paid N362bn out of the N520bn billed them by the distribution companies in the country from January to September last year, a new report by the Discos has shown.
The Association of Nigerian Electricity Distributors, the umbrella body for the 10 private Discos in the country, said the power firms lost N158bn, representing 30.38 per cent of the energy billed in the nine-month period.
The Discos’ revenue collection rose to N130bn in the third quarter of 2020 from N105bn in Q2 and N125bn in Q1, according to their latest quarterly performance report.