Wednesday, August 12, 2020

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Collection Losses Pass 70% for DisCos, Financial Stress

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The Abuja Times
The Abuja Times News Paper

Electricity distribution companies (DisCos) collect an estimated 60 percent of electricity billing, according to an operational report by the regulator, but the coronavirus pandemic has seen them collecting half of their regular collection, operators say.

This means that DisCos are losing over 70 percent of their market invoice.

Yola DisCo is reportedly the worst hit.

READ ALSO: Two-Month Free Electricity for Nigerians Insisted on by House of Reps

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