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Nairaland Forum / Nairaland / General / Politics / Discos Make ₦296 Billion In Three Months – NERC Report (7293 Views)
Discos Make N1tn Amid Grid Crisis, Unmetered Customers Hit 5.8m / Do Not Pay For Electricity After 2 Weeks – NERC Announces New Regulations / We Are No Longer Responsible For Electricity Meters - Discos Tell Consumers (2) (3) (4)
Discos Make ₦296 Billion In Three Months – NERC Report by TheLawAsItIs: 10:52am On Jan 06, 2023 |
https://punchng.com/discos-make-n296bn-in-three-months-nerc-report/#Echobox=1672997283-1 2 Likes
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Re: Discos Make ₦296 Billion In Three Months – NERC Report by Kobicove(m): 11:38am On Jan 06, 2023 |
How much of it is actual profits? 9 Likes 1 Share |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by Sebastine1994(m): 11:38am On Jan 06, 2023 |
Any news of Andrew Tate? What's the color of your boxers 1 Like |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by HigherEd: 11:38am On Jan 06, 2023 |
Omo this people are making serious cash. 1 Like |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by pikechukwu6(m): 11:38am On Jan 06, 2023 |
Noted |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by BigDawsNet: 11:38am On Jan 06, 2023 |
Oya use the money pay part of the country debts 1 Like |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by KingOfTheDamned: 11:39am On Jan 06, 2023 |
The scammer incharge of PHED Dr Uweh is just a fraudster . They sell band allocation in Phed to areas where they get bribed to supply good power supply and even if you raise the matter up nothing is done. Phed In rivers state is just terrible. After removing De Henry Ajagbawa everything has gone to hell in PHED ... This Uweh is a stupid useless idiot whom they just put there as a figure head... His managers are running the company as they like 3 Likes |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by oluwaseyi0: 11:40am On Jan 06, 2023 |
HigherEd: Wait until you hear there running cost 2 Likes 1 Share |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by HigherEd: 11:41am On Jan 06, 2023 |
oluwaseyi0:True there's that. |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by yesloaded: 11:41am On Jan 06, 2023 |
If there's adequate metering and constant supply of electricity, they will definitely take in trillions of Naira I couldn't finish up 5,000naira recharge since last year January because some months, I won't even enjoy cummulative of 1hr of power supply 98 of my neighbour now use solar both mini & moderate ones based on their capability infact some disconnect NEPA completely to avoid disturbance from their staff 10 Likes 1 Share |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by FireUpNow(m): 11:41am On Jan 06, 2023 |
Too much estimated bills 3 Likes |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by tommy589(m): 11:41am On Jan 06, 2023 |
In recent times some discos are doing well in electricity supply |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by maramara: 11:42am On Jan 06, 2023 |
This is just bills and not the actual money paid, about 67% of the bills was realised according to the report 2 Likes |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by milky3(f): 11:42am On Jan 06, 2023 |
Why won't they? With their exorbitant charges 2 Likes |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by Parachoko: 11:43am On Jan 06, 2023 |
When people ask dem why power supply never better all over Nigeria, dem go talk say dem no dey make enough money. 4 Likes |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by ATEAMS: 11:45am On Jan 06, 2023 |
Wow |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by EbiJUNIRO(m): 11:45am On Jan 06, 2023 |
Omor!!! And yet no light. Imagine how much they will rake if there is constant electricity and tariff is paid regularly. Thiefs |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by sterlingD(m): 11:45am On Jan 06, 2023 |
Did you all notice Tariff was increased shortly before Christmas? 3 Likes |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by seunny4lif(m): 11:48am On Jan 06, 2023 |
This people are cashing out like this and yet we can’t have 24 hrs electricity like normal nation. This is serious |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by Lukuluku69(m): 11:48am On Jan 06, 2023 |
TheLawAsItIs: So much money for supplying darkness. 1 Like |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by emorse(m): 11:51am On Jan 06, 2023 |
Understated figures |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by omoadeleye(m): 11:53am On Jan 06, 2023 |
Kobicove: Government businesses doesn't work to make profit, they can only make money to run their operations. |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by SIMONEKPA7: 11:53am On Jan 06, 2023 |
Profit or operating expenses...pls specify |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by Kobicove(m): 11:56am On Jan 06, 2023 |
omoadeleye: Discos are not government owned businesses, they are private enterprises! |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by chloride6: 11:58am On Jan 06, 2023 |
That collection efficiency is too low.. It’s very skewed by high collection rates by EKEDC and IBEDC which are large consumers. Places like Yola Electric have less than 45 percent collection rate..to put that into context the margin for DISCO is only 22 percent.. Meaning that someone (the FG) will eventually have to step into the gap of paying that uncollected rate. 1 Like |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by olahero(m): 12:00pm On Jan 06, 2023 |
Hmm |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by IbeOkehie: 12:01pm On Jan 06, 2023 |
This is an inflammatory news report. Revenue is not profit. That should be very easy to understand for any educated and reasonable person. The Discos don't control the price at which they BUY electricity or SELL electricity. The price of access to Kainji dam and the price of natural gas is also regulated. The government dictates all those prices and even approves the budgets of the Discos. The central electricity distribution company is called TCN and it's 100% owned by the government. I think government also owns 49% of each Disco. Make una look the thing well, who REALLY controls electricity in Nigeria if not government. The solution to the electricity industry problems is decentralization, complete privatization and deregulation of prices. If there was a way to encourage the mass adoption of solar systems for homes, that would also help. For now solar systems are just too expensive for most consumers or homeowners. Costs are coming down but S L O W L Y. It's hard to get Nigerians to collaborate. The more decentralized and individualized the system, the better. So each person or family can bear their own costs. The record is clear, public controlled systems don't work in Nigeria. Las Las, let government take back all the electricity industry and revamp NEPA and provide free electricity for all. That's their duty under Chapter 2 of the Constitution. 2 Likes |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by Nobody: 12:06pm On Jan 06, 2023 |
How much are they owing gas sellers? |
Re: Discos Make ₦296 Billion In Three Months – NERC Report by justmondris: 12:07pm On Jan 06, 2023 |
More than 50% of that amount was collected by extorting their customers. |
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