According to the Nigerian Electricity Regulatory Commission, users of electricity paid distribution companies a total of N210.17 billion in the fourth quarter of last year.
In its Quarterly Report for the Fourth Quarter of 2021, which was published on Thursday, it made this disclosure and noted that the N210.17 billion represented 9.34% of the total power bill paid by users to electricity distribution firms during the time period.
Regarding market remittance, NERC reported that the total market remittance order-adjusted invoices from the Nigerian Bulk Trading Company and Market Operator to Discos in 2021/Q4 were N210.72bn for generation costs as well as transmission and administrative services.
Regarding remittance to NBET, it was reported that just N109.45bn was received during the quarter as opposed to the N160.13bn projected from the agency’s N205.18bn total invoice issued to Discos.
The commission added that the entire invoice from the Market Operator to the Discos in 2021/Q4 for which a 100% remittance was anticipated was N50.58bn.
Regarding payments made by special/international customers, the report stated that in 2021/Q4, the NBET and MO issued invoices to Ajaokuta Steel Company Limited for N380.62m and N82.53m, respectively. However, as in the previous quarter, this special customer did not make any payments.
- Tags: #customers, #electricity
