‘DisCos Generated N263 billion In Q2 2023’ – NBS

Nigeria’s operating electricity supply industry, the Electricity Distribution Companies (DisCos) has been said to have generated N263 billion in revenue in the second quarter of 2023.

The National Bureau of Statistics (NBS) revealed this in its Nigeria electricity report detailing energy billed, revenue generated and customers by DisCos (Q2 2023) and published last Friday.

The NBS said revenue collected by the Discos during the period was N263.08 billion from N247.33 billion in Q1 2023.

On a year-on-year basis, revenue generated in the reference period rose by 39.63 per cent from N188.41 billion recorded in Q2 2022.

According to the report, total customer numbers in Q2 2023 stood at 11.47 million from 11.27 million in Q1 2023, showing an increase of 1.84 per cent.

The NBS said on a year-on-year basis, customer numbers in Q2 2023 rose by 6.17 per cent from 10.81 million reported in Q2 2022.

The bereau also stated that metered customers stood at 5.47 million in Q2 2023, indicating a growth of 3.10 per cent from 5.31 million recorded in the preceding quarter.

“On a year-on-year basis, this grew by 10.40 per cent from the figure reported in Q2 2022 which was 4.96 million”, it stated.

In addition, the bureau revealed estimated customers during the quarter were 6.00 million, higher by 0.72 per cent from 5.96 million in Q1 2023.

“On a year-on-year basis, estimated customers increased by 2.58 per cent in Q2 2023 from 5.85 million in Q2 2022.

“Electricity supply was 5,909.83 (Gwh) in Q2 2023 from 5,851.87 (Gwh) in the previous quarter.

“However, on a year-on-year basis, electricity supply increased by 13.06 per cent compared to 5,226.97 (Gwh) reported in Q2 2022″, the report stated.