Electricity Report Q3-Q4 2022

Executive Summary

The total customer numbers in Q3 2022 stood at 10.94 million from 10.81 million in Q2 2022, showing a rise of 1.20%. On a year-on-year basis, customer numbers in Q3 2022 declined by 1.19% from Q3 2021 (11.07 million). In Q3 2022, metered customers stood at 5.02 million from 4.96 million in Q2 2022, indicating a 1.33% increase. However, on a year-on-year basis, this grew by 5.71% from the figure reported in Q3 2021 which was 4.75 million. Similarly, estimated customers stood at 5.91 million in Q3 2022, higher by 1.09% from 5.85 million in Q2 2022.
On a year-on-year basis, estimated customers declined by 6.38% in Q3 2022 from 6.32 million in Q3 2021. Revenue collected by the DISCOs during the period stood at N202.62 billion in Q3 2022 from N188.41 billion in Q2 2022, showing a rise of 7.54%. On a year-on-year basis, revenue generated rose by 5.56% from N191.95 billion in Q3 2021. Electricity supply in Q3 2022 stood at 5,024 (Gwh) from 5,227 (Gwh) in the previous quarter. On a year-on-year basis, electricity supply declined by 8.53% compared to 5,493 (Gwh) reported in Q3 2021.

Data source: National Bureau of Statistics