Economy

Nigeria Electricity Report Q2 2023: DisCos rake in N510.4bn in six months

Electricity Distribution companies in Nigeria otherwise known as Discos in the that last six months made a total sum of #510.4 b from distribution of electricity to its Consumers accross the Nation .Ikeja electricity Disco tops the list , followed by Eko Electricity

Total customer numbers in Q2 2023 stood at 11.47 million from 11.27 million in Q1 2023, showing an increase of 1.84%. On a year-on-year basis, customer numbers in Q2 2023 rose by 6.17% from 10.81 million reported in Q2 2022. Similarly, metered customers stood at 5.47 million in Q2 2023, indicating a growth of 3.10% from 5.31 million recorded in the preceding quarter. On a year-on-year basis, this grew by 10.40% 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% from 5.96 million in Q1 2023.

On a year-on-year basis, estimated customers increased by 2.58% in Q2 2023 from 5.85 million in Q2 2022. Revenue collected by the DISCOs during the period was N263.08 billion from N247.33 billion in Q1 2023. On a year-on-year basis, revenue generated in the reference period rose by 39.63% from N188.41 billion recorded in Q2 2022. 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 13.06% compared to 5,226.97 (Gwh) reported in Q2 2022. 

See below

1. IEDC (Ikeja): N102.1bn
2. EKEDC (Eko): N84.9bn
3. AEDC (Abuja): N81.2bn
4. IBEDC (Ibadan): N51.9bn
5. BEDC (Benin): N40.8bn
6. EEDC (Enugu): N40bn
7. PEDC (Port Harcourt): N36.6bn
8. KEDC (Kano): N28.1bn
9. JEDC (Jos): N19.1bn
10. KDEDC (Kaduna): N15.7bn
11. YEDC (Yola): N10bn

Credit : NBS

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