Electricity Distribution companies (DisCos) operating in Nigeria, remitted a total sum of ₦381.29 billion in the Third Quarter (Q3) of 2025, a new Report by the Nigerian Electricity Regulatory Commission (NERC) has shown.
According to the Q3 2025 Report of the Electricity Industry released by the NERC on Tuesday, the cumulative upstream invoice payable by DisCos was ₦400.48 billion, consisting of ₦323.70 billion for DRO-adjusted generation costs from NBET and ₦76.77 billion for transmission and administrative services by the Market Operator (MO).
Out of this amount, the Commission said the DisCos collectively remitted a total sum of ₦381.29 billion (₦308.25 billion for NBET and ₦73.03 billion for MO) with an outstanding balance of ₦19.18 billion. This translates to a remittance performance of 95.21% in 2025/Q3 compared to the 95.65% recorded in 2025/Q2.
The report revealed that although the total energy received by all DisCos in 2025/Q3 was 7,348.95GWh, the energy billed to end-use customers was only 6,158.54GWh. This translates to an overall energy accounting efficiency of 83.80% and represents a 1.37pp increase compared to 2025/Q2 (82.43%).
It said the naira value of the total energy offtake by all DisCos in 2025/Q3 was ₦854.53 billion, and the total energy billed was ₦706.61 billion, which translates to a billing efficiency of 82.69%. The BE of 82.69% recorded during the quarter represents an increase of 1.08pp compared to 2025/Q2 (81.61%). At an aggregate level, DisCos cumulatively recorded billing losses of ₦147.92 billion in 2025/Q3.
However, the report disclosed that the total revenue collected by all DisCos in 2025/Q3 was ₦570.25 billion, out of ₦706.61 billion billed to customers. This translates to a collection efficiency of 80.70%, representing an increase of 4.63pp compared to 2025/Q2 (76.07%).
The NERC report shows that the three (3) international bilateral customers purchasing power from the grid-connected GenCos made a cumulative payment of $7.125 million against the $18.69 million invoice issued to them by the MO for services rendered in 2025/Q3 (remittance rate – 38.09%).
Meanwhile, it said the domestic bilateral customers made a cumulative payment of ₦3,192.30 million against the ₦3,643.57 million invoice issued to them by the MO for services rendered in 2025/Q3 (remittance rate – 87.61%).
