NERC Says DisCos Performances Below Par

NERC Says DisCos Performances Below Par

The Nigerian Electricity Regulatory Commission (NERC) which has been monitoring the Electricity Distribution Companies (Discos), Electricity Generation Companies (Gencos) and Transmission Company of Nigeria (TCN) indicated in its report that many of the Discos performed below expectation in six months (between Q4’16 and Q1’17), IWIN reports.

The report disclosed that Kaduna, Port Harcourt, and Yola Discos were the least performing electricity distribution companies with 5.8 per cent, 27.5 per cent and 32.2 per cent respectively. However, it identified Ikeja, Benin and Abuja Discos as the highest performers with 54.7 per cent, 47.9 per cent and 44.4 per cent respectively. These were followed by Jos, Ibadan, Eko, Kano and Enugu with 42.6 per cent, 40.4 per cent, 38.4 per cent, 37.4 per cent and 33.0 per cent respectively.

The Discos were scored based on their ATC &C effort (10 points), collection efficiency (15 points), metering commitment (20 points), HV clearn Index (10 points), MO remittance (15 points) and NBET remittance (30 points) respectively. Specifically, many companies did not do well in most key performance indicators, thus impacting negatively on the sector and Nigeria’s economy.

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