DisCos Generate N761.17 Billion In 2021, Ikeja Electric Tops

According to a report published by the National Bureau of Statistics, Ikeja Electric Distribution Company (IKEDC) generated N155,01 billion as total revenue from electricity distribution companies in 2021 was N761.17 billion.

The report also revealed that IKEDC also had the highest energy billed in gigawatt hours (GWh) which was 408,862.

Ibadan Electric Disco (IBEDC) has the highest estimated billing and metered customers which stood at 1,302,371 and 782,105 respectively.

For the year under review, the total number of customers using electricity in the country also grew to 10.51 million as IBEDC recorded the highest customers of 2,084,476.

Speaking on the report, NBS said, “In total, electricity bill in 2021 grew by 5.98% from 22,042.28 (Gwh) in 2020 to 23,360.59 (Gwh) in 2021.

"In 2021, total revenue collected stood at N761.17 billion, an increase of 44.50% compared to N526.77 billion in 2020.

“Moreover, the total number of customers recorded in 2021 was 10.51 million, higher than 10.37 million in 2020.

"The number of metered customers rose by 36.18% from 3.51 million in 2020 to 4.77 million in 2021, while estimated billing customers decreased by 16.32% from 6.86 million in 2020 to 5.74 million in 2021.”

According to NBS, the data was provided by the Nigerian Electricity Regulatory Commission (NERC) while it verified it.