Electricity consumers paid ₦509.84 billion in Q4 2024, even as Nigeria experienced five grid collapses within the period, according to the Nigerian Electricity Regulatory Commission (NERC).
NERC reported three total and two partial grid collapses in Q4, contributing to the 12 outages recorded throughout 2024. Despite this, revenue collection by electricity distribution companies (DisCos) rose from ₦466.69 billion in Q3 to ₦509.84 billion in Q4, with collection efficiency improving by 2.89 percentage points.
Eko and Ikeja DisCos had the highest collection efficiencies at 90% and 82.3%, respectively, while Jos Disco recorded the lowest at 49.68%. NERC attributed the revenue boost to reduced energy offtake and improved metering, noting that over 4,000 Band A customers were metered under the Meter Acquisition Fund (MAF) scheme.
Meanwhile, two partial grid collapses have already occurred in Q1 2025, deepening power supply challenges for consumers.
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