…electricity supply declines by 8.53%
All the Distribution Companies (DisCos) in Nigeria posted N202.62 billion as revenue collected in the third quarter (Q3) of 2022 from N188.41 billion in Q2 2022, showing an increase of 7.54 percent.
On a year-on-year basis, revenue generated rose by 5.56 percent from N191.95 billion in Q3 2021. Electricity supply in Q3 2022 stood at 5,024 (Gwh) from 5,227 (Gwh) in the previous quarter.
There are 11 electricity distribution companies in Nigeria.
On a year-on-year basis, electricity supply declined by 8.53 percent compared to 5,493 (Gwh) reported in Q3 2021.
According to the data that was released by the National Bureau of Statistics (NBS) on Monday, the nation’s total customer numbers in Q3 2022 stood at 10.94 million from 10.81 million in Q2 2022, showing a rise of 1.20 percent.
On a year-on-year basis, customer numbers in Q3 2022 declined by 1.19 percent from Q3 2021 (11.07 million).
The data showed that in Q3 2022, metered customers stood at 5.02 million from 4.96 million in Q2 2022, indicating a 1.33 percent increase.
However, on a year-on-year basis, this grew by 5.71 percent from the figure reported in Q3 2021 which was 4.75 million.
Similarly, estimated customers stood at 5.91 million in Q3 2022, higher by 1.09 percent than the 5.85 million in Q2 2022.
On a year-on-year basis, estimated customers declined by 6.38 percent in Q3 2022 from 6.32 million in Q3 2021.
