Fail to remit N25.64b for market, administrative charges
The 11 electricity distribution companies (DisCos) operating in the country paid a total of N137.06 billion to the Transmission Company of Nigeria (TCN) in the first nine months of 2024 as transmission and administrative charges, despite the unstable state of grid infrastructure, which collapsed more than 12 times last year.
The market operator billed the DisCos N162.7 billion, an amount ultimately passed on to consumers for the electricity delivered to them during the period.
According to quarterly reports by the Nigerian Electricity Regulatory Commission (NERC), the DisCos paid N137.06 billion out of the total bill, leaving an outstanding balance of N25.64 billion.
In the first quarter of 2024, the DisCos remitted N45.10 billion out of a cumulative invoice of N48.16 billion issued by the market operator. During…
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