By Jemimah Wellington, JKNewsMedia Correspondent
AN ESTIMATED N187bn revenue loss has been recorded in Nigeria’s power sector following an increase in unbilled electricity supply, industry data show.
The data indicate that a significant portion of electricity generated and distributed during the period was not billed to end users.
Industry figures attribute the volume of unbilled energy to inadequate metering, energy theft, network losses and operational lapses among electricity distribution companies.
The unbilled supply is noted to have affected revenues across the electricity value chain, with reduced inflows linked to electricity delivered without corresponding billing.
Market records also show that the revenue gap has affected cash flow within the sector, where generation companies, gas suppliers and lenders depend on remittances from electricity sales.
The data further signify that unbilled electricity continues to impact sector liquidity as electricity supplied without billing limits revenue collection.
