The Nigerian Bulk Electricity Trading Plc (NBET) said the 11 Distribution Companies (DisCos) only paid N9.6 billion for an energy invoice of N41.96 billion supplied to them in July 2017, leaving a deficit of N32.3 billion, Daily Trust reports.
In its market payment update published yesterday, NBET said 3,907 megawatts hour (mwh) of electricity was generated in July. The DisCos got 92.7 percent of the generated energy while the international customers, including Benin and Niger republics, got the remaining 7.28 percent.
According to the intermediary agency, which collects money from the DisCos and pays the Generation Companies (GenCos), the performance rate went lower in July in comparison to the previous month of June. While it was 27.67 per cent in June, payment performance dropped to 25.80 percent in July.
Source: Energy Mix Report