By Oke Peter
Nigeria’s electricity Distribution Companies (DisCos) billed a total of ₦242.29 billion for energy supplied in February 2026, but were only able to collect ₦196.68 billion, according to the latest Commercial Performance Factsheet released by the Nigerian Electricity Regulatory Commission (NERC).
The report, which assesses the financial health and operational efficiency of DisCos under the Nigerian Electricity Supply Industry (NESI), shows that billing efficiency for the month stood at 87.44 per cent, reflecting the portion of energy successfully billed to customers.
NERC also disclosed that collection efficiency for February was 81.17 per cent, translating to the ₦196.68 billion total revenue recovered by DisCos from customers during the period.
The factsheet further revealed that the Commission has approved reduced Aggregate Technical, Commercial and Collection (ATC&C) loss targets for 2026, averaging 16.64 per cent across the DisCos. NERC said the adjusted targets were designed to reflect the expected impact of investments made by DisCos in 2025 to improve network performance and reduce losses.
In addition, the report showed that average recovery efficiency across all DisCos stood at 80.67 per cent, indicating the level of revenue recovered compared to what was billed.
The NERC Commercial Performance Factsheet is part of the Commission’s transparency efforts to track DisCo performance and provide stakeholders with data on the evolving financial realities of Nigeria’s power sector.
