Electricity losses cost DisCos N2.47tn in six years

Meter bypass, electricity theft, poor metering and other commercial and technical losses cost Nigeria’s electricity distribution companies about N2.47tn in unbilled electricity between 2020 and 2025, The PUNCH reports. An analysis of annual reports released by the Nigerian Electricity Regulatory Commission revealed that the value of unbilled electricity rose steadily from N281.86bn in 2020 to