Home > Electrical/Electronics > Electricity Supply Declines As DisCos Generate 247bn In Q1

Electricity Supply Declines As DisCos Generate 247bn In Q1

Electricity supply across the country in the first quarter of 2023 dropped to 5,852 Gigawatt hours (Gwh), a report by the National Bureau of Statistics has disclosed.

The report titled, ‘Nigeria Electricity Report: Energy Billed, Revenue Generated and Customers by DisCos Q1 2023’ showed that energy supply dropped by 1.74 per cent from 5,956 (Gwh), when compared to the same period in 2022 but increased (5,611 Gwh) when compared to the fourth quarter of 2022.

Similarly, it stated that DisCos generated revenue of  N247.3bn during the period, which increased from N232.3bn generated in Q4 2022.

“On a year-on-year basis, revenue generated in the reference period rose by 20.81 per cent from N204.7bn recorded in Q1 2022.”

Source: Dailytrust

Total Views: 100 ,
0
0
READ ALSO  Federal Govt Invests N1.5tn In Power Sector

Leave a Reply

Your email address will not be published. Required fields are marked *