The Nigerian Electricity Regulatory Commission (NERC) says Togo, Niger and Benin owe Nigeria $11.16 million for electricity supplied by electricity generation companies (GenCos) under bilateral arrangements in 2025.
In its 2025 annual report, the commission said the market
operator (MO) issued invoices totalling $73.91 million to the international
customers, but only $62.75 million was paid.
NERC listed the international offtakers as Compagnie Énergie
Électrique du Togo, Société Béninoise d’Énergie Électrique of Benin, and
Société Nigérienne d’Électricité of Niger.
“The international bilateral customers (i.e., Societe
Nigerienne d’electricite – NIGELEC, Societe Beninoise d’Energie Electrique –
SBEE and Compagnie Energie Electrique du Togo – CEET) received a total invoice
of $73.91 million for ancillary services provided by the MO and made a total
payment of $62.75 million, corresponding to a remittance performance of
84.90%,” NERC said.
‘DOMESTIC BILATERAL CUSTOMERS REMITTED N12.75TRN’
The commission said domestic bilateral customers remitted
N12.75 trillion against N13.20 trillion invoiced by the market operator for
services rendered in 2025.
According to NERC, the payment represents a 96.60 percent
remittance performance.
The commission also said Ajaokuta Steel Co. Ltd and its host
community, classified as a special customer, made no payment towards the N4.96
billion invoice issued by Nigerian Bulk Electricity Trading (NBET) Plc and the
N500 million invoice issued by the MO during the period under review.
“The Commission has escalated the issue of continual
non-payment of electricity bills by Ajaokuta to the relevant federal ministries
to find a lasting solution. Failure to settle the obligations may put the
Ajaokuta complex at risk of being disconnected from its
service providers (NBET and MO) on the grounds of gross indebtedness,” the
report added.
DISCOS OFFTAKE 31,251.77GWh
NERC said the total energy offtake by all distribution
companies (DisCos) in 2025 was 31,251.77GWh, while total energy billed stood at
25,867.86GWh.
The commission said the figures resulted in a market energy
accounting efficiency (EAE) of 82.77 percent.
NERC explained that EAE measures how effectively DisCos
account for the energy they offtake at their trading points.
The commission said the measure is calculated as the
proportion of energy billed to customers, including metered and unmetered
customers, relative to the total energy supplied to a given area over a period.
“The disaggregated performance of the DisCos shows that
Ibadan DisCo recorded the highest energy accounting efficiency of 88.84%, while
Enugu DisCo recorded the lowest efficiency of 72.18%,” NERC said.
“DisCos have the responsibility of developing strategies to
improve their energy accounting efficiencies.”
The commission added that these can include reinforcing
“DisCos’ infrastructure to reduce technical losses, improving consumer
enumeration and customer service, improving the metering rate as well as
rolling out initiatives and technologies to curb energy theft”.
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