Nigerians were said to have paid more for less electricity in the first quarter (January to March) of 2023.
According to the latest Electricity report from the National Bureau of Statistics (NBS), Nigerians paid more for less electricity during the first quarter (January to March) of 2023.
In this period, distribution companies (DisCos) generated revenue of N247.33 billion while delivering 5,852 gigawatt hours (GWh) of electricity.
Comparatively, in the corresponding first quarter of 2022, DisCos generated revenue of N204.74 billion while delivering 5,956 Gwh of electricity.
Despite delivering less electricity in the first quarter of 2023, DisCos earned higher revenue than they did in the same period of 2022.
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This indicates that Nigerians paid more for electricity in the highlighted period, even though the supply was lower than what was delivered in the first quarter of 2022 when DisCos earned less revenue.
ENERGY TIMES reports that NBS stated that electricity supply in the first quarter of 2023 was 5,852 Gwh, representing a decline of 1.74% compared to the 5,956 Gwh reported in the first quarter of 2023.
