Discos monthly revenue rises by N5bn despite outage in several parts of the country

Published by wapcodehubnaija published

The electricity distribution companies raised their monthly revenue from N95bn in January to N100bn in March 2024 despite low power generation in several parts of the nation.


According to new data released by the Nigerian Electricity Regulatory Commission, N97bn revenue was generated in February,  a time when the country experienced a huge drop in power supply.


In January, Nigeria was thrown into nationwide blackouts due to gas shortages as gas companies refused to supply gas to electricity-generating companies due to unpaid debts.


The power generation that had been dangling around 4,000MW dropped drastically below 2,500MW at a point, affecting the capacity of the distribution companies to supply electricity to their consumers.

 

Data from the NERC showed Discos received 2,577 gigawatt-hours of power and billed 2,072GWh of the energy received, recording 80 per cent billing efficiency in January.


The data showed that N130.9bn was the total billing, while the total revenue collected stood at N95bn, representing 72 per cent billing efficiency. The allowed average tariff rate in the month was N59.89k per kilowatt-hour, and the actual average collection was N36.97k/KWh.


Total energy received by the Discos in February dropped to 2,149GWh, out of which 1,759GWh was billed by the Discos, adding that N97bn revenue was collected from N113bn billings.


The 1,975GWh energy was billed in March from the 2,468GWh received, while N100bn was generated from N126.5bn billings.


The rise in revenue also correlates with the tariff increase, as the NERC said the allowed average tariff for March was N62.73k/KWh while the actual average collection was N40.69k/KWh.

wapcodehubnaija

Comments

Post a Comment

[ most popular post's. Ranked 1million visitor's ]

I am Mr Joseph chibueze Ohuruogu

Published by wapcodehubnaija published
Image
From Umuodunta, Umuimieka, Olaukwu autonomous community, Owerri West* Today i wish to use this medium to inform you all that I am aspiring for the office of youth president of our beloved OLAUKWU AUTONOMOUS COMMUNITY. on the forthcoming  election  *It is with evident that my leadership experience will speak as my key vision will be centered on HUMAN CAPITAL DEVELOPMENT and SECURITY.  *This is to declare my interest that I am in the race to serve this blessed community for the progress and development of our YOUTH with your individual support.*I promise to return to our people all dividends attach to the office if this privilege is giving.*  *Support me let’s make our place a better place.*  *Thanks and God bless you.
Read more

Dr Oluyemi Akande will not leave fecolart: do you believe that.

Published by wapcodehubnaija published
Image
 Heads of Institutions, MDAs to the people for the right synergy,  the Provost Federal College of Land Resources Technology, Dr Oluyemi Akande was guest on interview on wapcodehubnaija blog  on 2024. Pictures below show the arrival, participation and departure. It was indeed a rewarding outing as many Imolites from across the globe called in to express their delight on the program, having listened to the Provost FECOLART.
Read more

Nigerian woman goes into labor minutes after TikTok post, loses twins

Published by wapcodehubnaija published
Image
A heavily pregnant Nigerian   woman   sparked discussion when she went into labor minutes after posting a video on   TikTok , ultimately losing her   twins . In a video she shared on her TikTok page from her hospital bed, the woman revealed that she had posted on TikTok shortly before going into labor. However, she disclosed that she lost her twins during labor at the hospital. The video carried a caption that better explains the event: “Few minutes after posting on TikTok, labor took place. God, who did I offend? I lost the twins you put in me. I have no joy left in me. What’s all this, how can I control the pain, God?” WATCH VIDEO:  https://www.tiktok.com/@digitalogbanje1/video/7385648209206578437?referer_url=www.gistreel.com%2Fnigerian-woman-goes-into-labor-minutes-after-tiktok-post-loses-twins%2F&refer=embed&embed_source=121374463%2C121439635%2C121433650%2C121404359%2C121351166%2C121331973%2C120811592%2C120810756%3Bnull%3Bembed_share&referer_video_id=7385648209206578437
Read more

FCT police drafted to Abuja school where students were filmed bullying their classmate

Published by wapcodehubnaija published
Image
FCT police drafted to Abuja school where students were filmed bullying their classmate The FCT Police Command has dispatched experienced officers to the Leads British International School grounds to conduct inquiries into the reported cases of bullying.     A statement from the Police Public Relations Officer for the FCT Command, SP Josephine Adeh, reads   “In a proactive response to alarms raised by some members of the public regarding videos circulating on social media depicting the bullying of students at the above mentioned school, the FCT Police Command is on top of the situation and has deployed seasoned officers to the school premises for investigations and to forestall any possible breakdown of law and order.”  
Read more

Bobrisky pleads guilty to Naira abuse as court strikes out Money Laundering charges

Published by wapcodehubnaija published
Image
Bobrisky pleads guilty to Naira abuse as court strikes out Money Laundering charges Popular cross-dresser, Idris Olanrewaju Okuneye aka Bobrisky, has pleaded guilty to the Naira abuse charge leveled against him by the Economic and Financial Crimes Commission (EFCC). Bobrisky was arraigned before the Federal High Court, Lagos on a six-count charge bordering on alleged Abuse of the Naira and alleged Money Laundering  When the charge was read, Bobrisky pleaded guilty to the first four counts bordering on Naira abuse.  Before the charge was read, the EFCC’s counsel, Suleiman Suleiman, however asked the court to strike out counts five and six bothering on Money laundering allegations.   Justice Abimbola Awogboro subsequently struck out counts five and six.   Bobrisky was then arraigned on only counts one to four charges. When the counts were read, Bobrisky was asked if he understood the charge that was read to him, he replied, “yes, I am guilty”.
Read more

Zubby Michael Dragged Over His Red T-Shirt Outfit to Junior Pope’s Funeral

Published by wapcodehubnaija published
Image
Ossai Ovie Success, the aide to the governor of Delta State, has publicly voiced his disapproval of actor Zubby Michael’s attire at the funeral of his late colleague, Junior Pope. Junior Pope, who tragically passed away in a boating accident on April 10, 2024, was laid to rest today in Enugu State, with many of his fellow actors in attendance. Junior Pope , who tragically passed away in a boating accident on April 10, 2024, was laid to rest today in Enugu State, with many of his fellow actors in attendance. Ossai found Zubby Michael’s choice of a red t-shirt to be disrespectful and unsuitable for such a solemn occasion. He expressed his disappointment, suggesting that a white or black outfit would have been more appropriate, given Junior Pope’s young age at the time of his death. In his words: “This is disrespectful to late Jnr Pope. Dear Zubby Michael, this your red dressing is inappropriate. This your red t shirt dressing to the burial ceremony of late Jr Pope is annoying and disresp
Read more