NERC disclosed this in its 2025 annual report, stating that the Market Operator (MO) issued invoices totalling $73.91 million to the three international electricity customers during the year.
However, only $62.75 million was paid, leaving an outstanding balance of $11.16 million and representing an 84.90 per cent remittance performance.
The international customers were identified as Société Nigérienne d’Électricité (NIGELEC) of Niger, Société Béninoise d’Énergie Électrique (SBEE) of Benin and Compagnie Énergie Électrique du Togo (CEET).
“The international bilateral customers ... received a total invoice of $73.91 million for ancillary services provided by the MO and made a total payment of $62.75 million, corresponding to a remittance performance of 84.90%,” NERC said.
The commission also reported that domestic bilateral customers paid N12.75 trillion out of N13.20 trillion invoiced by the Market Operator for services provided in 2025, representing a 96.60 per cent remittance performance.
However, Ajaokuta Steel Company Limited and its host community, classified as a special customer, failed to make any payment against invoices issued during the period.
According to NERC, Ajaokuta Steel had an outstanding N4.96 billion invoice from the Nigerian Bulk Electricity Trading Plc (NBET) and another N500 million invoice from the Market Operator.
“The Commission has escalated the issue of continual non-payment of electricity bills by Ajaokuta to the relevant federal ministries to find a lasting solution,” the report stated.
NERC warned that continued failure to settle the obligations could put the Ajaokuta complex at risk of being disconnected by its electricity service providers on grounds of gross indebtedness.
Meanwhile, the commission reported that electricity distribution companies (DisCos) collectively received 31,251.77 gigawatt-hours (GWh) of electricity in 2025, while 25,867.86GWh was billed to customers.
This resulted in a market energy accounting efficiency (EAE) of 82.77 per cent.
NERC explained that EAE measures how effectively DisCos account for electricity received at their trading points by comparing the energy billed to customers, including metered and unmetered consumers, with the total electricity supplied to an area.
Ibadan DisCo recorded the highest energy accounting efficiency at 88.84 per cent, while Enugu DisCo recorded the lowest at 72.18 per cent.
NERC said DisCos were responsible for developing strategies to improve their energy accounting performance.
The commission identified improved distribution infrastructure, reduced technical losses, better customer enumeration and service, increased metering and the deployment of technology to combat electricity theft as measures that could help improve the sector’s performance.
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