Data from the Nigeria Bulk Electricity Trading Plc (NBET) has shown that the 11 electricity Distribution Companies (DisCos) paid N13 billion to 22 Generation Companies (GenCos) as they owe another N29.5bn for August’s energy billing, Daily Trust reports.
In a publication yesterday, the agency said the GenCos advised a N44.154bn energy invoice from which the DisCos paid N13.520bn, representing an average 30 per cent payment rate.
The most performed DisCo for the month was Benin DisCo with 41 per cent payment rate. It took 8.29 per cent of the monthly energy and paid N1.5bn from its N3.6bn invoice.
The worst performed was Yola Disco which had N1.47bn invoice for taking 3.3 per cent energy allocation but remitted zero naira in the month.
Source: Energy Mix Report