According to the quarterly report obtained by The Nation, the Nigerian Electricity Regulatory Commission (NERC) reported that none of the international customers made any payments towards the outstanding bills of $16.11 million during the first quarter of 2023 (Q1 2023).

NERC stated in its report, "Remittance by Special and Cross-border Customers: None of the international customers listed below made any payment against the cumulative $16.11 million invoice issued to them in 2023/Q1."
The commission also observed that, out of the N842.38 million invoice issued by the market operator (MO) to all eight bilateral customers in the Nigeria Electricity Supply Industry (NESI), only North South/Star Pipe made a payment of N15.38 million against its invoice of N24.69 million.

The report pointed out that this non-remittance by bilateral consumers is consistent with a trend that has been highlighted in previous quarterly reports.
NERC emphasized that the market operator (MO) must enforce the provisions of the rules to address the payment indiscipline demonstrated by the different participants in the market.
The report highlights the market remittance during the reviewed period, indicating that the cumulative upstream invoice payable by DisCos was N252.92 billion, which comprised N209.26 billion for administrative services, N141.51 billion for generation costs from Nigerian Bulk Electricity Trading (NBET) Plc, and N29.04 billion for transmission.

Collectively, the DisCos remitted N170.59 billion, consisting of N141.51 billion to NBET and N29.04 billion to the market operator (MO), leaving an outstanding balance of N82.33 billion.
According to the report, the remittance performance for 2023/Q1 stood at 67.43%.
The report also noted that the total revenue earned by the Commission decreased by N1,872.17 million (48.34%), from N3,873.13 million in 2022/Q4 to N2,000.96 million in 2023/Q1. This represented a decrease of 4.27% compared to the N4,515.99 million realized in 2022/Q4.