Discos Generate N263.08bn From 11.47 million Electricity Consumers in Q2

September 8, 2023
electricity tariff

By Adedapo Adesanya

** Ikeja Electric Records N52.3 million

The revenue collected by the 11 electricity distribution companies (Discos) in Nigeria during the second quarter of the year (April – June 2023) rose by 6.4 per cent to N263.08 billion from N247.33 billion in Q1 2023. On a year-on-year basis, revenue generated in the reference period improved by 39.6 per cent from N188.41 billion recorded in Q2 2022.

This was disclosed by the National Bureau of Statistics (NBS) in its Nigeria Electricity Report for Q2 2023, released on Friday.

In terms of the electricity distribution companies, Ikeja Electricity Distribution Company (IKEDC) remained at the top of the pack as it recorded the highest in terms of revenue generated in the period under review with a collection of N52.3 million (~20 per cent).

This is followed by Eko Electricity Distribution Company (EKEDC) with N43.2 million and Abuja Electricity Distribution Company (AEDC) came third with N43.1 million.

Others include Ibadan Electricity Distribution Company (IBEDC) with N27.4 million, Enugu Electricity Distribution Company (EEDC) came next with N21.1 million, and Benin Electricity Distribution Company (BEDC) generated N20.7 million.

Port Harcourt Electricity Distribution Company (PHEDC) stood at N18.9 million, Kano Electricity Distribution Company (KEDC) reported N13.1 million, Jos Electricity Distribution Company made N10.2 million in the three months, Kaduna Electricity Distribution Company (KDEDC) generated N8.0 million, and Yola Electricity Distribution Company (YEDC) made N5.1 million.

The number of electricity consumers in the country rose to 11.47 million in the second quarter of the year as 200,000 fresh customers joined, compared to 11.27 million in Q1 2023, showing an increase of 1.8 per cent.

The analysis showed that on a year-on-year basis, customer numbers in Q2 2023 rose by 6.2 per cent from 10.81 million reported in the same period of 2022. Similarly, metered customers stood at 5.47 million in Q2 2023, indicating a growth of 3.1 per cent from 5.31 million recorded in the preceding quarter.

On a year-on-year basis, this grew by 10.4 per cent from the figure reported in Q2 2022, which was 4.96 million. In addition, estimated customers during the quarter were 6.00 million, higher by 0.72 per cent from 5.96 million in Q1 2023. On a year-on-year basis, estimated customers increased by 2.6 per cent in the quarter from 5.85 million in Q2 2022.

IBEDC also led in terms of customers as it added 2.3 million in Q2 2023, followed by AEDC with 1.4 million and EEDC with 1.3 million customers. IKEDC added 1.1 million, and KDEDC saw an addition of 828,245 customers.

Electricity supply was 5,909.83 (Gwh) in Q2 2023 from 5,851.87 (Gwh) in the previous quarter. However, on a year-on-year basis, electricity supply increased by 13.1 per cent compared to 5,226.97 (Gwh) reported in Q2 2022.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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