Recent publication on Electricity Report by the National Bureau of Statistics revealed that revenue collected by the DISCOs (Electricity Distribution Companies) during the period was N391.72 billion from N291.62 billion in Q1 2024.
On a year-on-year basis, revenue generated in the reference period rose by 48.90% from N263.08 billion recorded in Q2 2023. Electricity supply was 5,612.52 (Gwh) in Q2 2024 from 5,769.52 (Gwh) in the previous quar ter. However, on a year-on-year basis, electricity supply decreased by 5.03% compared to 5,909.83 (Gwh) reported in Q2 2023.
Total customer numbers in Q2 2024 stood at 12.99 million from 12.33 million in Q1 2024, showing an increase of 5.35%. On a year-on-year basis, customer numbers in Q2 2024 rose by 13.24% from 11.47 million reported in Q2 2023. Similarly, metered customers stood at 5.92 million in Q2 2024, indicating a growth of 0.25% from 5.91 million recorded in the pre ceding quarter.
On a year-on-year basis, this grew by 8.18% from the figure reported in Q2 2023 which was 5.47 million. In addition, estimated customers during the quarter were 7.07 million, higher by 10.04% from 6.43 million in Q1 2024. On a year-on-year basis, estimated customers increased by 17.86% in Q2 2024 from 6.00 million in Q2 2023.