The collection by electricity distribution companies will drop this year on the back of the COVID-19 pandemic, a new report by Agusto & Co has said.
It noted that the Nigerian government’s financial support provided through energy programmes of the Central Bank of Nigeria was estimated at N1.1tn as at December 2018. “As a result, the Nigerian Electricity Regulatory Commission has introduced several policies to curb some of these fundamental limitations such as the Meter Asset Provider regulation, which is a means to liberalise the distribution market while resolving the challenges surrounding estimated billing and collections.”
It said, “Inadequate metering and limited technology in remote meter monitoring continue to contribute to the Discos’ high loss levels.
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