Electricity subsidy gulps N629bn as Discos generate N1.1tn - News Summed Up

Electricity subsidy gulps N629bn as Discos generate N1.1tn


The rise in revenue by Discos prompted calls for improved services from the power firms, as consumers condemned the Discos’ inability to deliver satisfactorily. Power consumers complainPower consumers condemned the rise in the revenue of electricity distribution companies amid the worsening state of power supply nationwide. “Now, you have over 60 per cent of unmetered customers and the Discos will bring bills to these customers whether these Discos supplied power or not to the power users. In February, The PUNCH reported that Discos overbilled customers by N105bn, and were to face sanctions from NERC. Abuja Disco, for instance, overbilled its customers without meters to the tune of N17.874bn, while Eko Disco over-billed its unmetered customers by N13.137bn.


Source: Punch May 23, 2024 13:30 UTC



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