By: Tijani Salako.
Following the increase in the national electricity metering rate to 61.51 per cent at the end of June 2026, with electricity distribution companies (DisCos) installing 203,521 new meters during the month, the Nigerian Electricity Regulatory Commission (NERC) has released a fresh factsheet detailing the commercial performance and financial health of the 11 DisCos across the country.
The June 2026 factsheet, obtained from the NERC website, showed that Eko DisCo recorded the highest revenue recovery efficiency at 87.04 per cent, followed by Port Harcourt DisCo with 86.33 per cent and Benin DisCo at 82.23 per cent, making them the top-performing utilities in revenue recovery during the month.
According to the commission, the electricity industry received a total energy value of ₦315.73 billion in June, representing a 4.02 per cent decline from May. Out of this, ₦240.71 billion worth of energy was billed to customers, translating to a billing efficiency of 76.24 per cent, slightly lower than the previous month’s performance.
The report also showed that total billings stood at ₦240.71 billion, while DisCos collected ₦191.86 billion in revenue during the month. This resulted in an overall collection efficiency of 79.71 per cent, down by 2.61 percentage points compared to May 2026.
On revenue recovery performance, the industry posted an overall recovery efficiency of 74.24 per cent. The average allowed tariff stood at ₦130.15 per kilowatt-hour, while the actual average collection was ₦96.63 per kilowatt-hour.
A breakdown of the billing efficiency performance showed Kano DisCo emerging as the best performing utility with 84.96 per cent, followed by Eko DisCo at 83.02 per cent, Port Harcourt DisCo at 80.78 per cent, and Enugu DisCo at 80.31 per cent. On the other hand, Kaduna DisCo posted the lowest billing efficiency at 64.71 per cent, while Yola DisCo recorded 67.12 per cent.
In revenue collection efficiency, Benin DisCo topped the industry with 94.00 per cent, while Ikeja DisCo and Eko DisCo recorded 89.00 per cent and 88.64 per cent, respectively. Port Harcourt DisCo followed closely with 87.74 per cent, while Kano DisCo recorded the weakest collection efficiency at 42.16 per cent, ahead of Kaduna DisCo at 46.13 per cent.
The factsheet further showed significant disparities in revenue recovery across the DisCos. While Eko, Port Harcourt and Benin remained above the 80 per cent benchmark, Kaduna DisCo recorded the lowest recovery efficiency at 37.03 per cent, followed by Kano DisCo at 44.04 per cent and Jos DisCo at 51.33 per cent.
Among the larger electricity markets, Abuja DisCo billed ₦40.23 billion from ₦53.37 billion worth of energy received and collected ₦32.29 billion in revenue, while Ikeja DisCo collected ₦34.50 billion, the highest revenue collection among all DisCos, from total billings of ₦38.77 billion.
NERC noted that the June commercial performance reflects the operational and financial efficiency of the distribution companies in converting energy received into revenue. The figures also highlight areas requiring improvement in billing, revenue collection and cost recovery despite the continued expansion of customer metering across the country.
The latest commercial performance report comes as the commission continues to monitor DisCos’ operational efficiency and financial sustainability, with improved metering expected to strengthen billing accuracy, reduce estimated billing and enhance overall revenue collection in Nigeria’s electricity sector.
