Business

Abuja DisCo has 88,000 customers, target 120,000 by December


Abuja Electric Distribution Company (AEDC) CEO Ernest Muppaya said his company has installed 88,000 meters and will install 120,000 units by December 2017 to settle complaints about payment. estimated math.

upwaya said this at the opening of a two-day workshop on energy theft for judges in the Federal Capital Territory (FCT).

“The problem of slowing down the metering process is limited funding in the electricity market but we have found a way around it,” he said. We used the supplier funding system to get 120,000 meters and if they were deployed and protected from energy theft we could get more funding and measure more guests more goods”.

He also said that out of 800,000 customers, AEDC has measured 3,800 customers who are the largest users of electricity and account for 50% of the revenue revenue base, including its own Ministries, Departments, and Agencies (MDAs). government.

To make meters more available, he said the Nigeria Electricity Regulatory Commission (NERC) has proposed reinstating the Credible Advanced Payments Initiative (CAPMI) where customers purchase meters at Designated stores around 11 Distribution Companies (DisCos) and installed them with Cashback.

Muupaya, who has rejected constraints on adopting a cost-reflective tariff that will ensure optimal operation of power companies, said: “Wholesale (power generation) tariffs have increased by 100% since the investment. personalization, in terms of retail, the increase is only 16% so there is already a big deficit. “

He said while DisCos is looking for a cost-reflective tariff to allow them to invest more including measurement, customers will want to be measured first, before they support any tariff hike.

He advised NERC to address the liquidity gap by calculating the tariff shortfall on DisCos assets so that it can reflect in their balance sheet when revenue is expected to be cleared through the settlement. consider future tariff when the electricity market is stable.

This will allow lenders to see the DisCos account as active and fund the investment requirement, Muupaya noted.

Regarding DisCo’s performance, the AEDC boss said that NERC ranked DisCo as the best in Q3 2016 after considering various parameters including governance and network improvement.

He noted that AEDC continues to be among the top four best performing DisCos, which is a huge leap from the seventh spot it occupied before privatization in 2013.

In the monthly energy collection remittance, Muupwaya said AEDC was the first and highest remittance in the past two years and has ensured to improve its network by installing more than 200 transformers across the country. Kogi, Abuja, Nasarawa and Niger states.

[Daily Trust]

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button