EKEDC, AEDC lead revenue collection efficiency – NERC

…as electricity consumers pay ₦196.68bn

The Eko Electricity Distribution Company (EKEDC) and Abuja Electricity Distribution Company (AEDC) have emerged as the top performers in revenue collection for February 2026, according to the latest factsheet released by the Nigerian Electricity Regulatory Commission (NERC).

The report, which tracks the commercial performance of the 11 Distribution Companies (DisCos), reveals a broader trend of improving financial discipline across the power sector, despite a decline in the total volume of energy received.

Eko DisCo maintained its position as the industry leader in collection efficiency, recording a remarkable 94.12%. Out of a total billing of ₦36.08 billion, the company successfully collected ₦33.96 billion from its customers.

EKEDC also stood out in its revenue recovery performance, achieving a recovery efficiency rate of 100.67%, the highest in the country.

Abuja DisCo (AEDC) followed closely as a major revenue driver for the sector.

AEDC collected ₦38.65 billion out of the ₦43.29 billion it billed, representing a collection efficiency of 89.28%.

This performance was bolstered by a significant 11.20 percentage point increase in its collection efficiency compared to January 2026.

Ikeja Electric also showed strong results, collecting ₦35.11 billion, maintaining its status alongside Eko and Abuja as the big three revenue generators for the Nigerian Electricity Supply Industry (NESI).

The NERC data further shows that across all 11 DisCos, Nigerian electricity consumers paid a total of ₦196.68 billion in February 2026.

This came from a total billing of ₦242.29 billion, resulting in a national collection efficiency of 81.17%, a 4.84% improvement from the previous month.

However, the sector saw a dip in technical metrics. Total energy received by the DisCos dropped by 17.64% to ₦277.09 billion, while total energy billed fell by 9.66% to ₦242.29 billion.

While Eko and Abuja led the charts, the report highlighted a widening gap between top-tier and struggling DisCos. Kaduna DisCo recorded the lowest collection efficiency at 49.27%, collecting only ₦5.19 billion despite billing over ₦10.5 billion.

Kano and Enugu DisCos also struggled with collection, posting rates of 62.49% and 67.73% respectively.