DisCos need N8.7bn to meet NERC’s remittance order

Hints remittance order may lead salar payment Asks MDAs to settle N100bn electricity debts _______________________________________ The Electricity Distribution Companies (DisCos) have implored the National Assembly to intervene in the current liquidity crisis in the power sector, saying they will need N8.7 billion to comply with the remittance order set by the Nigerian Electricity Regulatory Commission (NERC). A statement issued today by Sunday Oduntan, ANED’s executive director, research and advocacy, in a breakdown of the required amount, said the DisCos will require N725 million monthly to meet the threshold of 35…

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DisCos reocup N1.27trn from Nigerians in 3 years

Electricity distribution companies collected a total of N1.27 trillion from customers in the last three years, data obtained from the Association of Nigerian Electricity Distributors on Thursday have shown. The association, said customers paid N363 billion in 2017, N437.9 billion in 2018 and N473 billion in 2019 as utility bills for connecting to and using the public electricity infrastructure. The Discos said the energy billed customers stood at 18,882 gigawatt-hours (equivalent to N597.3 billion) in 2017; 20,852 GWh (N661.6 billion) in 2018, and 21,702GWh (N695 billion) in 2019. The energy…

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