Following its longstanding practice, the Nigerian Electricity Regulatory Commission (NERC) released the fourth quarterly report for the year 2024.
The report seeks to apprise the public of the technical, operational, and commercial performance of the Nigerian Electricity Supply Industry (NESI).
The report discusses the state of the Nigerian electricity industry in the fourth quarter of 2024. It gives an in-depth analysis of the operational, commercial and regulatory performance of Nigeria’s electricity industry.
For simplification, Energy in Africa has put together important details in the report that you should know about.
Operational performance
The total electricity generation for quarter four was 160.81GWh, representing a 1.70% decrease compared to the third quarter which was 9,450.76GWh.
In the fourth quarter of 2024, there were 28 grid-connected power plants consisting of 19 gas, five hydro, two steam, and two gas/steam-powered plants.
The average generation capacity of the grid-connected power plants was 5,296.89MW, with the average hourly generation being 4,207.41MWh/h.
The report outlined three incidents of total grid collapse and two incidents of partial collapse that occurred on the national grid in the fourth quarter.
The partial collapses were recorded on 14 October and 05 November 2024, while the total collapses were recorded on 19 October, 07 November and 11 December 2024, respectively.
Commercial performance
The total energy received by all distribution companies (DisCos) in quarter four was 7,420.58GWh, while the energy billed to end-use customers was 6,207.84GWh, translating into an overall billing efficiency of 83.66%.
Also, the total revenue collected by all DisCos in Q4 was ₦509.84 billion out of ₦658.40 billion billed to customers, resulting in a collection efficiency rate of 77.44%.
Regulatory oversight transfers
In a move towards decentralisation, the NERC transferred its electricity regulatory oversight powers to state-owned organisations in Ogun and Lagos states.
In Ogun State, regulatory oversight was transferred to the Ogun State Electricity Regulatory Commsssion (OGERC), while in Lagos state, regulatory authority was transferred to Lagos State Electricity Regulatory Commission (LASERC).
Licences and permits
In quarter four, the NERC issued 70 licences, permits, and certifications. These included one off-grid generation licence with a total nameplate capacity of 2.63MW and three new electricity trading licences.
Additionally, four captive generation permits were issued, with a gross capacity of 22.50MW. The commission also granted five registration certificates for mini-grids and 24 permits for mini-grids.
Furthermore, 18 certifications were issued for Meter Service Providers, along with 15 permits for Meter Asset Providers.
Metering
A total of 185,439 meters were installed in quarter four.
During this period, 179,064 meters—representing 96.56% of the total installations—were installed under the MAP framework. Also, 4,076 meters were installed under the Meter Acquisition Fund (MAF).
Moreover, 1,924 meters were installed under the Vendor Financed framework, while 374 meters were installed under the DisCo Financed framework.
