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Fri, May

Metered Electricity Customers In Nigeria Rise To 5.47 Million

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The number of metered electricity customers in Nigeria has increased to 5.47 million in the second quarter of 2023. The National Bureau of Statistics’ (NBS) latest data on ‘Nigeria Electricity Report Q2 2023: Energy Billed, Revenue Generated And Customers By DISCOS’ disclosed this on Friday. Accordingly, the 5.47 million metered electricity customers figure represented a 3.10 per cent increase from the 5.31 million recorded in Q1 2023. In a combined figure, the total number of electricity customers in Q2 2023 stood at 11.47 million from 11.27 million in Q1 2023.

Similarly, The NBS added that the Revenue collected by the DISCOs for the period also improved to N263.08 billion from N247.33 billion in Q1 2023.

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

On the part of revenue generation the NBS revealed that “On a year-on-year basis, revenue generated in the reference period rose by 39.63% from N188.41 billion recorded in Q2 2022. 

They noted that Electricity supply was 5,909.83 (Gwh) in Q2 2023 from 5,851.87 (Gwh) in the previous quarter, citing that on a year-on-year basis, electricity supply increased by 13.06% compared to 5,226.97 (Gwh) reported in Q2 2022.  

Recall that the Electricity Regulatory Commission (NERC) recently granted approval for an upward adjustment in the prices of prepaid electricity meters within the nation.  

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