Electricity consumers increase to 12.33m in Q1 2024 – NBS

The number of electricity consumers rose by 210,000, from 12.12 million in the fourth quarter of 2023 to 12.33 million in the first quarter of 2024.

The National Bureau of Statistics (NBS) stated in its Electricity Report for the first quarter (Q1) of 2024, released on Tuesday in Abuja, that the increase was 1.78 percent.

Supreme News reports that the review focuses on energy billed, revenue generated, and customers by DISCOS under the reviewed period.

It stated that on a year-on-year basis, the number of electricity customers increased by 9.47 percent in Q1 2024 from 11.27 million reported in Q1 2023.

It said that in Q1 2024, the number of metered customers stood at 5.91 million compared with the 5.61 million recorded in Q4 2023; this indicated a 5.38 percent increase.

“On a year-on-year basis, the figure grew by 11.26 percent from the 5.31 million reported in Q1 2023.’’

Similarly, estimated electricity customers stood at 6.43 million in Q1 2024, showing an increase of 10.22 percent over the 5.83 million recorded in Q4 2023.

“On a year-on-year basis, estimated customers increased by 7.88 percent in Q1 2024 from the 5.96 million recorded in Q1 2023,” it stated.

The NBS also said that electricity distribution companies collected N291.62 billion in revenue in Q1 2024, compared with the N294.95 billion they collected in Q4 2023.

It added that on a year-on-year basis, revenue collected rose by 17.91 percent over the N247.33 billion collected in Q1 2023.

It stated that electricity supply was 5,769 GWh in the first quarter of 2024, up from 6,432 GWh recorded in the fourth quarter of 2023.

However, the report said on a year-on-year basis, electricity supply decreased by 1.41 percent in Q1 2024 compared with the 5,851 (Gwh) reported in Q1 2023.