Electricity Report Q2 2024

Executive Summary

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.
Revenue collected by the DISCOs 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. 

Data source: National Bureau of Statistics

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