DisCos raked in N570b in Q3, install 228,614 meters

Electricity Distribution companies (DisCos) in the country collected a total of N570.25 billion as revenue in the third quarter of 2025, the Nigerian Electricity Regulatory Commission (NERC) has revealed. The amount is a reflection of improved revenue performance across the power sector nationwide in the reporting period.

According to NERC, the amount was collected from N706.61 billion billed to customers, indicating substantial recovery of revenues owed by electricity consumers nationwide during the quarter under existing tariff and billing frameworks.

The commission disclosed this in its third quarter report released yesterday; the report contained official data on revenue collection, billing efficiency and performance trends among electricity distribution companies nationwide during period.

According to the report, the 80.70 per cent collection efficiency recorded in Q3 2025 represents an improvement over Q2 of the same year when DisCos achieved lower revenue recovery levels across the electricity market.

NERC said DisCos collected N564.71 billion in quarter two from N742.34 billion billed, translating to 76.07 per cent efficiency and a 4.63 percentage point increase by quarter three across the reporting cycle.

Ikeja DisCo led the pack in terms of collection efficiency at 100 per cent, while Eko, Benin and Abuja DisCos exceeded 80 per cent, with Kaduna DisCo recording the lowest at 45.67 per cent nationwide according report.

In similar vein, the report also indicated that the DisCos installed 228,614 meters in the same period under review. The figure, the report further said, represented an increase of 0.73 per cent compared to  the 226,959 meters installed in the Q2 of 2025.

According to the report, during the quarter under review, 176,302 meters  representing 77.12 per cent of the total installations were achieved under the Meter Assert Provider (MAP) framework.

It also said that 44,104 meters  representing 25.01 per cent of the installation were installed under the Vendor Financed framework  while 7,902 meters  representing 3.46 per cent were installed under the Distribution Sector Recovery Programme.

The report further said that 175 meters representing 0.08 per cent  were installed under the  Meter Acquisition Fund (MAF) framework and 131 meters representing 0.06 per cent were installed under the DisCo Financed framework.

“As of the end of September 2025, 6,661,564 out of the total 12,030,315 active registered customers in the  Nigerian Electricity Supply industry were metered,” it said.

NERC explained that to safeguard  customers against exploitation due to the lack of meters, the commission has continued to issue monthly energy caps for all feeders in each DisCo.

“This sets the maximum amount of energy that may be billed to an unmetered customer for the respective month based on gross energy received by the DisCo and consumption by metered customers on their respective feeders,” the Commission said.

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