Metered Electricity Consumers Rise To 5.13 Million

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Speaking to the record shown by the National Bureau of Statistics, as of 2022, the rate of metered electricity customers rise to 5.13 million in the fourth quarter, which shows that there is an increase in the growth rate by 2 percent. 

Speaking on the data record on yearly basis as of 2021, in the fourth quarter there is an increase in percentage rent rate of 7.37%. 

According to the figure given, N232.32billion was generated from the 11 electricity distributed in the companies, which make it an increase from the 3 quarter.

According to the NBS report, there is an increase in the total customer by 0.34 percent which makes it 5.93 million as of last year, also there is an increase every year of 3.34 percent.

Further speak that, as at last year quarters 3 there is an increase in the percent by 1.20% from 10.81 increase to 10.94percent. There is a decrease in the total number of customers by 1.19 percent.

According to the meter given out in quarter 3,2022  is 5.02 million which shows an increase of 1.33 percent. There is a total increase compared to quarter 3, 2021.

Speaking on the estimated result, as of last year is 5.91 which makes it a higher increase of 1.09 percent, but calculating the total on yearly basis as of quarter three there is a decrease by6.38percent.

According to the report, N202.62 billion in quarter three is the Revenue collected by the DISCOs during the period which shows that there is an increase of 7.54 percent different from the formal year. On yearly basis, revenue generated increased by 5.56 percent.

According to the report, the Electricity supply in Q3 2022 stood at 5,024 (Gwh) from 5,227 (Gwh) in the previous quarter. The yearly electricity supply declined by 8.53 On a year-on-year basis, electricity supply declined by 8.53 percent compared to the previous year. 

Further, speak that customer number increase by 1.10percent.

Speaking on the report, in the fourth quarter, there is an increase in revenue collection by 16.02 percent. Also same fourth quarter the electricity supply increased by 11.68 percent. on the yearly basis, calculating the total result it declined by 3.48 percent.

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