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Friday, June 26, 2020

We lost N30bn to energy theft, others monthly -DISCOs

DISCOs

By Chris Ochayi ABUJA: Electricity Distribution Companies, DISCOs, said they suffered losses to the tune of over N30 billion of their monthly revenue due to cases of energy theft, meter bypass, vandalism, and unpaid electricity bills by consumers. The companies, which disclosed this in a statement through their umbrella body, the Association of Nigerian Electricity Distributors, ANED, over 40 percent of electricity consumers do not pay their electricity bills while indulging in illegal connection of electricity.

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