The latest report by the Nigerian Electricity Regulatory Commission (NERC) shows a decline in revenue for the eleven (11) power Distribution Companies (DisCos) operating in the country.
NERC revealed in its February 2026 Commercial Performance Factsheet released on Tuesday that the DisCos recorded a collection efficiency of 81.17%, resulting in a total revenue collection of ₦196.68billion for the month.
This figure was lower than the total revenue collection of ₦204.74billion recorded in the month of January 2026. This could be largely attributed to the significant power reduction in the month under review due to gas constraints.
The NERC Commercial Performance Factsheet carries the breakdown of the financial health and efficiency of the DisCos, including the new Aggregate Technical, Commercial and Collection (ATC&C) loss targets.
According to the Factsheet, out of the total energy received by the DisCos for the month of February, which was N277.09 billion, the total energy billed was N242.29 billion, while the total revenue collected was N196.68billion, leaving a shortfall of N80.41 billion.
The report said out of the N124.30k allowed average tariff/kWh, the actual average collection/kWh was 100.27k, leading to an average recovery efficiency of 80.67% across all DisCos.
As for the ATC&C loss targets, the Commission approved reduced targets for 2026 (averaging 16.64%) to reflect the expected impact of DisCo investments made in 2025.
The report said during the period, Eko DisCo recorded the strongest revenue recovery performance at 94.12%.
Abuja (89.28%), Benin (86.95%), Ikeja (85.88%), Yola (84.89%), and PH (84.04%), also delivered strong recovery performance.
Ibadan (72.47%), Jos (71.30%), Enugu (67.73%), and Kano (62.49%) recorded moderate recovery levels.
These figures, according to the report, gave a clear picture of how effectively DisCos are billing, collecting, and recovering revenue -key indicators for strengthening liquidity and improving service delivery across the Nigerian Electricity Supply Industry (NESI).
