The Discos described the assumptions used by the regulator as incorrect, saying the capping of estimated bills was costing them N16.5bn to N22bn every month in revenue.
R2 customers are residential customers who consume more than 50 kilowatt-hour in a month , while C1 customers are small businesses . “On average, monthly collection before capping will drop by N1.02bn . This will worsen Discos’ prevailing challenges with meeting their market remittance expectations.” “Capping of estimated bills leads to increased billing losses up to 20 – 35 per cent depending on the Disco.
They said, “Considering the fact that remittance levels are already low, capping will exacerbate the liquidity situation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Northern Coalition to FG: give Ex N-Power enrollees soft loan for businessAs the Federal Government is set to admit Batch-C N-Power enrollees, Coalition of Northern Civil Society groups has called on the Government...
Source: TheNationNews - 🏆 6. / 69 Read more »
N-Power To Open 2020 Application Portal, Reveals Registration DetailsN-Power To Open 2020 Application Portal, Reveals Registration Details
Source: channelstv - 🏆 7. / 63 Read more »
Power sector shortfall hits N1.5t, says DisCos - The Nation NigeriaElectricity Distribution Companies (DisCos) have said the power sector shortfall has hit N1.5trillion, resulting in different unfavourable conditions...
Source: TheNationNews - 🏆 6. / 69 Read more »
N-Power warns youths against filling unverified forms online - Daily Post NigeriaThe management of the Federal Government's youths empowerment programme, N-Power, has advised youths not to input their personal details on any platform
Source: DailyPostNGR - 🏆 11. / 59 Read more »
N-Power Opens 2020 Application Portal, Reveals Registration DetailsN-Power Opens 2020 Application Portal, Reveals Registration Details
Source: channelstv - 🏆 7. / 63 Read more »
How to prepare for the N-Power applicationThe N-Power application portal will be open to all eligible Nigerians at 11:45 pm on June 26, 2020 Applicants are to note that the application process is completely free and there is no application fee. Read more:
Source: Daily Trust - 🏆 13. / 51 Read more »