Nigeria’s electricity distribution companies (DisCos) generated N196.68 billion in combined revenue in February 2026, the latest factsheet by the Nigerian Electricity Regulatory Commission (NERC) has shown.
The February 2026 commercial performance factsheet released by the regulator on Tuesday highlighted the financial health and efficiency of DisCos, including the new Aggregate Technical, Commercial and Collection (ATC&C) loss targets.
NERC said a total of N196.68 billion was collected by all DisCos in February 2026, out of the N242.29 billion billed to customers, representing a 81.17 per cent collection efficiency, a 4.84 percentage point increase from January.
The report said DisCos received N277.09 billion in energy, with N242.29 billion billed to customers, representing an 87.44 per cent billing efficiency, a 7.72 percentage point increase from January.
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As for the ATC&C loss targets, the commission said it approved reduced targets for 2026 (averaging 16.64 per cent) to reflect the expected impact of DisCo investments made in 2025.
Revenue recovery performance
The report shows that out of the N124.30k allowed average tariff/kWh, the actual average collection/kWh was N100.27k, leading to a recovery efficiency of 80.67 per cent across all DisCos, 11.51 percentage point increase from the previous month.
Eko (100 per cent), Abuja (95.14 per cent) and Ikeja (85.83 per cent) delivered strong recovery performance.
