Electricity Supply Declines as Customers Increase- Report

Electricity Supply Declines as Customers Increase- Report

Electricity supply in Nigeria declines by 1.74% year on year, according to a report from the National Bureau of Statistics.

Amidst rising energy costs in the country, electricity supply has been erratic. 

A large number of small, medium,, and even large scale businesses have continued to face pressures from increasing spending on energy-related overheads to power their businesses. 

In the report, NBS said electricity supply was 5,852 (Gwh) in the first quarter of 2023 from 5,611 (Gwh) in the previous quarter. 

However, on a year-on-year basis, electricity supply declined by 1.74% compared to 5,956 (Gwh) reported in Q1 2022, the statistic office said. 

In the period, the report said total customer numbers in stood at 11.27 million from 11.06 million in Q4 2022, showing an increase of 1.89%. 

Also, on a year-on-year basis, customer numbers in Q1 2023 rose by 5.99% from 10.63 million reported in Q1 2022. Similarly, metered customers stood at 5.31 million in Q1 2023, indicating a growth of 3.61% from 5.13 million recorded in the preceding quarter. 

On a year-on-year basis, this grew by 10.86% from the figure reported in Q1 2022 which was 4.79 million. In addition, estimated customers during the quarter were 5.96 million in Q1 2023, higher by 0.40% from 5.93 million in Q4 2022. 

On a year-on-year basis, estimated customers increased by 1.99% in Q1 2023 from 5.84 million in Q1 2022. Revenue collected by the DISCOs during the period was N247.33 billion from N232.32 billion in Q4 2022. On a year-on-year basis, revenue generated in the reference period rose by 20.81% from N204.74 billion recorded in Q1 2022. #Nigeria’s Electricity Supply Declines – Report. #Electricity Supply Declines as Customers Increase- Report#

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