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The National Bureau of Statistics (NBS) has said that electricity customers increased to 11.71 million in the Q3 2023 from 11.47 million in Q2 2023, showing an increase of 2.08 per cent.
Out of this figure, metered customers stood at 5.68 million in Q3 2023, indicating a growth of 3.77 per cent from 5.47 million recorded in the preceding quarter. On a year-on-year basis, this grew by 13.07 per cent from the figure reported in Q3 2022 which was 5.02 million.
Also, on a year-on-year basis, customers in Q3 2023 rose by 7.09 per cent from 10.94 million reported in Q3 2022.
In addition, estimated customers during the quarter were 6.03 million, higher by 0.53 per cent from 6.00 million in Q2 2023. On a year-on-year basis, estimated customers increased by 2.02 per cent in Q3 2023 from 5.91 million in Q3 2022.
Revenue collected by the distribution companies during the period was N260.16 billion from N263.08 billion in Q2 2023. On a year-on-year basis, revenue generated in the reference period rose by 28.40 per cent from N202.62 billion recorded in Q3 2022.
Electricity supply was 5,731.60 (Gwh) in Q3 2023 from 5,909.83 (Gwh) in the previous quarter. However, on a year-on-year basis, electricity supply increased by 14.09 per cent compared to 5,023.96 (Gwh) reported in Q3 2022.
Meanwhile, the nation recorded the first grid collapse in 2024 a week ago, throwing the whole nation into darkness again
A grid developer and the Vice President, Ashipa Electric, Foluso Alabi told Daily Sun that the grid was structured to collapse.
“That process is obsolete and should be discarded.
Again, the grid needs revamping and until that is done, the grid will continue to collapse.
A market operator in TCN, Emma Eje said there is a lot of insecurity and mindless vandalism of the network and TCN cannot provide security for the entire network.
ENDS
