Power distribution companies fail to remit N128.3 billion in 6 months

The electricity market also did not earn much from Discos as the report showed that the distribution companies failed to remit N69.94 billion to the country’s electricity market during the first quarter of 2022.

The data which covers the second quarter report of the electricity regulatory body for 2022 indicated that during the period in review, the power firms did not remit N58.32 billion.

NERC went ahead to give details of the second quarter power market remittance between NBET, MO and the Discos as it revealed that the combined invoices the Discos received was a total of N185.01 billion.