NERC releases electricity companies’ 2019 quarterly report


The Nigerian Electricity Regulation Commission (NERC), on Saturday, said Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43.3 per cent in the second quarter of 2019.

The Second Quarter Report was obtained by the News Agency of Nigeria (NAN) in Lagos from the website of NERC.

NERC also said Jos and Kaduna DisCos had the lowest performance of 13.1 per cent and 13.5 per cent respectively during the same period.

The commission also expressed concern over the significant drop in Enugu DisCo’s remittance rate from 30.44 per cent in Q1 2019 to 24.55 per cent in Q2 2019.

NERC said: “The challenge of low remittance to the market is still a concern to the commission as it is one of the main causes of the liquidity crisis facing the Nigerian…



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