FinanceNews

Estimated bill consumers rise to 5.85 million – Report

Nigeria saw an increase in the number of electricity consumers on anticipated billing, from 5.84 million in the first quarter of this year to 5.85 million in the second quarter of 2022.

The National Bureau of Statistics reported on Nigerian electricity data on Tuesday and found a 0.01m (10,000) rise throughout that time.

Estimated billing has become a problem, even though it’s not as bad as it was before the power industry was privatised. Recently, electricity consumers have been more apathetic toward paying their bills.Information Guide Nigeria

Other Top Stories:

As a result, the demand for metres has increased among power distribution firms as a means of addressing the problem of anticipated billing.

According to a recent report by The PUNCH, of the 10.5 million registered consumers, only 4.8 million had been metered as of December 2021, putting the total registered customers who had yet to be metered by the Discos at over five million.

As of the review year (2021), Abuja Disco had 1,124,559 registered consumers overall.

Abuja was able to measure a total of 701,781 of the total clients registered under each Disco, followed by Benin with 622,429, Eko with 348,016 customers, Enugu with 562,500, and Ibadan with 782,105.

Ikeja had 719,140 metres installed as of the review period, followed by Jos, 210,833, Kaduna, 166,045, Kano, 190,83, Port Harcourt, and 65,098 metres installed by Yola Disco, bringing the total number of metres installed to roughly 4.5 million.

This suggests that out of the more than 200 million individuals in Nigeria, the exercise of customer registration by energy distribution firms has remained static at around 10 million.

“At the end of 2021, over 10 million customers are registered, with approximately 47 per cent metered,” the association said in its Commercial KPIs for ANED’s Members Q4/2021 report.

42% of customers were metered as of 2018, according to an analysis of the metering trend on the ANED report.

2019 saw a 40% decrease in the proportion of customers that were metered. Metered customers increased to 47% by the end of 2021 from their 2020 level of 40%.

Metering expert and chartered accountant, Olusesan Okunade, said consumers complaining of high estimated billing were those whose neighbours engaged in energy theft.

“I think between 2019 and now, there have been several people captured into the Discos network because they’ve gone out on a serious drive for people to report energy theft.”

“So whenever you complain that you were given a high bill, you would either know it’s as a result of your consumption, or that there are people who are not captured under the Discos network using electricity for free.”

Okunade said, “The slow metering issue has to do with so many factors such as foreign exchange. Most Discos have not been able to bring in metres because of the cost as we speak. But the good thing is that the NMMP has assisted them.JAMB Result

“So if the government can deploy more into bringing in some metres, even if the consumers are going to spread the cost or factor it into their bills, it will be an advantage.

“Government needs to get involved and monitor the DisCos while they are at it. The purchasing power of the consumers is very low as we speak. So, the government’s intervention will go a long way.

Check and Confirm: How much is Dollar to Naira    Pounds to Naira today

👍Advertise your business on InfoGuideNigeria.com!

From just N4,999 per month, you can advertise your products and services to over 1,500,000 users on our website. Click here to read more.

👇👇👇👇👇

Information is Power!

Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.

👇👇👇👇👇

Click Here to Join our Google Group 

For Latest updates on News, Jobs & Business Ideas, and Opportunities.




Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
.

The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

.
We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.




🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here

.

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

.

Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker