DISCOS is a noun that refers to a term used to describe electric power companies in Nigeria that operate as part of the electricity supply industry. These companies were established after the Nigerian government implemented a reform in the power sector in 2005, with the aim of improving access to electricity, promoting competition, and enhancing the overall efficiency in the sector. DISCOS, short for Distribution Companies, are responsible for the distribution and retail sale of electricity to consumers within their respective regions or zones.
The primary role of DISCOS is to procure electricity from the Nigerian Bulk Electricity Trading (NBET) Plc, which acts as an intermediary between power generating companies and distribution companies, and distribute it to their customers. They are also responsible for managing customers' meters, billing, revenue collection, and maintenance of the distribution network infrastructure.
In order to ensure an equitable distribution of resources and to avoid monopolistic practices, the Nigerian Electricity Regulatory Commission (NERC) oversees the operations of DISCOS and sets tariffs for electricity. Additionally, DISCOS are also required to meet certain performance targets and provide reliable and efficient electricity services to their customers.
Overall, the introduction of DISCOS in Nigeria's electricity supply industry has aimed to improve the efficiency, reliability, and accessibility of electricity services, contributing to the development and growth of various sectors of the Nigerian economy.
