Electricity distribution companies have said a total of N97bn was lost in the first quarter of this year to energy theft, capping of estimated billing and other factors.
It said 23.24 per cent of the 7,880 GWh received by the Discos were lost to energy theft and others.had reported on Monday that the revenue collected by power distribution companies rose by 42.3 per cent in the first quarter of this year, compared to the same period of 2020, buoyed by the hike in electricity tariff.
The group said the Discos’ overall aggregate technical, commercial and collection loss had continued to deteriorate as it rose to 50.3 per cent in March this year from 48.5 per cent at the end of last year.
Hope not planning to increase tariff for your lost
All transformers are metered, and they bill people higher than the reading on the transformer meters, how come the reduced revenue?
Naija Discos didnt have sense. reason is because people owe them, yet they kept increasing the tariff. how would they gain? They're asked to distribute meters nationwide, yet they refused to do that, just because of the black market money they're collecting frm Direct source home
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