Nigeria’s Power Generation Companies are finding a growing source of stable revenue through direct electricity sales to domestic bilateral customers, as fresh market data showed that buyers under bilateral contracts remitted N5.82bn out of N6.12bn billed in the first quarter of 2026 for ancillary services and direct bilateral electricity sales.
Findings by The PUNCH from the Nigerian Electricity Regulatory Commission’s First Quarter 2026 Report showed that domestic bilateral customers remitted N5.82bn out of N6.12bn billed between January and March 2026, representing a 95 per cent payment performance and highlighting the growing importance of bilateral contracts as an alternative source of revenue for electricity generation companies.
“The domestic bilateral customers made a cumulative payment of N5,816.28 million against the invoice of N6,122.35 million issued to them by the MO for services rendered in 2026/Q1, translating to 95.00 per cent remittance performance. It is noteworthy that, during Q1 2026, three international and nine domestic bilateral customers made payments of $6.64 million and N2,589.07 million, respectively, towards outstanding MO invoices from previous quarters,” the report read.
