‘Consumers spend N393bn on electricity in six months’

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The National Bureau of Statistics, Tuesday, said electricity consumers paid a total of N393.15bn as tariff to power distribution companies between January and June 2022.

In its just-released Nigeria Electricity Data, the bureau revealed that the power distributors made N204.74bn in the first quarter of this year, while they raked in N188.41bn in the second quarter.

Data from the report indicated that the earnings were from 10.63 million customers in Q1 2022, as the number of power users who made payments increased to 10.81 million in Q2 2022, despite the revenue drop.

The NBS stated that out of the total number of customers, only 4.79 million in Q1 2022 and 4.96 million in Q2 2022 were metered, indicating that several millions of power users were still on estimated billing method.

The report showed that most electricity customers in Nigeria, 5.84 million in Q1 2022 and 5.85 million in Q2 2022, paid their bills based on estimation.

The NBS further stated that electricity supply to customers so far in 2022 had declined, as it noted that in Q1 2022, electricity supply stood at 5,956 gigawatts-hour and 5,227Gwh in Q2 2022.

This, according to the bureau, represented a decline of 12.23 per cent on a quarter-on-quarter basis.

On a year-on-year basis, electricity supply declined compared to 6,172.19Gwh and 5,882.57Gwh reported in Q1 2021 and Q2 2021 respectively.

Power generation and supply in Nigeria recorded series of fluctuations in 2022, as the grid had witnessed more than five system collapse this year.

Nigeria’s power generation and distribution arms were officially privatised in November 2013 and since then power delivery by the sector had continued to hover between 3,500 megawatts and 4,500MW.


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