Abuja DisCo meters 88,000 customers, targets 120,000 by December
The Managing Director of Abuja Electricity Distribution Company (AEDC), Ernest Mupwaya said his company has installed 88,000 meters and would install 120,000 units by December 2017 to tackle complaints on estimated billing.
upwaya said this at the opening of a two day workshop on energy theft for judges within the Federal Capital Territory (FCT).
He said, “The issue slowing down metering is funding constraint in the electricity market but we have found a way around it. We have used the vendor financing system to acquire 120,000 meters and if they are deployed and protected from energy theft, we can gain more funding and meter more customers.”
He also said out of the 800,000 customer base, AEDC has metered 3,800 who are the largest power users and constitutes 50 per cent of the revenue collection base, including the governments’ Ministries, Departments and Agencies (MDAs).
To make meters more available, he said the Nigerian Electricity Regulatory Commission (NERC) has proposed revival of the Credited Advanced Payment for Metering Initiative (CAPMI) where customers buy meters at designated shops around the 11 Distribution Companies (DisCos) and have them installed with refund.
Mupwaya who decried the constraints in getting a cost reflective tariff that will ensure power firms operate optimally said, “The wholesale (generation) tariff has increased by 100 per cent since privatisation, on the retail side, the increase is only 16 per cent so there is already a big deficit.”
He said while the DisCos seek cost reflective tariff to enable them make more investments including metering, customers would want to be meter first, before they would support any tariff increase.
He advised NERC to address the liquidity gap by computing the tariff shortfall into the DisCos’ assets so it could reflect in their balance sheet as projected revenue to be cleared through future tariff review when the electricity market stabilises.
This would enable lenders to see the DisCos account as positive and give more funding for investment requirement, Mupwaya noted.
On the DisCo’s achievements, the AEDC boss said NERC ranked the DisCo as the best in the third quarter of 2016 after considering various parameters including governance and network improvement.
He noted that AEDC has continued to be among the first four best performing DisCos which is a giant leap from the seventh position it occupied before the privatisation in 2013.
In the remittance of the monthly energy collection, Mupwaya said AEDC has been the first and the highest remitter in the last two years while ensuring that it improves its networks by installing over 200 transformers across Kogi, Abuja, Nasarawa and Niger states.
[Daily Trust]
Related Posts
3 Comments
-
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
-
The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
-
Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
-
NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
Nigeria News
- NNL: Mighty Jets, Wikki Tourists game to be played behind closed doors
- EPL: Carragher names two positions Arsenal must upgrade to win title
- Northern leaders failed despite 40 years in power – Dogara
- Port Harcourt refinery stops operation again, NNPC keeps mum
- Ex-Man United coach names team Cristiano Ronaldo could manage in future
Wilfred Terhemba Akaaza
May 3, 2018 at 2:38 pm
Abuja DisCo meters 88,000 customers, targets 120,000 by December
Wilfred Terhemba Akaaza
May 3, 2018 at 2:40 pm
Abuja DisCo meters 88,000 customers, targets 120,000 by December
By BusinessNews Staff on October 18, 2017
The Managing Director of Abuja Electricity Distribution Company (AEDC), Ernest Mupwaya said his company has installed 88,000 meters and would install 120,000 units by December 2017 to tackle complaints on estimated billing.
upwaya said this at the opening of a two day workshop on energy theft for judges within the Federal Capital Territory (FCT).
He said, “The issue slowing down metering is funding constraint in the electricity market but we have found a way around it. We have used the vendor financing system to acquire 120,000 meters and if they are deployed and protected from energy theft, we can gain more funding and meter more customers.”
He also said out of the 800,000 customer base, AEDC has metered 3,800 who are the largest power users and constitutes 50 per cent of the revenue collection base, including the governments’ Ministries, Departments and Agencies (MDAs).
To make meters more available, he said the Nigerian Electricity Regulatory Commission (NERC) has proposed revival of the Credited Advanced Payment for Metering Initiative (CAPMI) where customers buy meters at designated shops around the 11 Distribution Companies (DisCos) and have them installed with refund.
Mupwaya who decried the constraints in getting a cost reflective tariff that will ensure power firms operate optimally said, “The wholesale (generation) tariff has increased by 100 per cent since privatisation, on the retail side, the increase is only 16 per cent so there is already a big deficit.”
He said while the DisCos seek cost reflective tariff to enable them make more investments including metering, customers would want to be meter first, before they would support any tariff increase.
He advised NERC to address the liquidity gap by computing the tariff shortfall into the DisCos’ assets so it could reflect in their balance sheet as projected revenue to be cleared through future tariff review when the electricity market stabilises.
This would enable lenders to see the DisCos account as positive and give more funding for investment requirement, Mupwaya noted.
On the DisCo’s achievements, the AEDC boss said NERC ranked the DisCo as the best in the third quarter of 2016 after considering various parameters including governance and network improvement.
He noted that AEDC has continued to be among the first four best performing DisCos which is a giant leap from the seventh position it occupied before the privatisation in 2013.
In the remittance of the monthly energy collection, Mupwaya said AEDC has been the first and the highest remitter in the last two years while ensuring that it improves its networks by installing over 200 transformers across Kogi, Abuja, Nasarawa and Niger states.
Michael Asaju
June 26, 2018 at 12:32 pm
Pay for your Abuja Electricity (AEDC) bill quickly and effeciently
Simply visit https://www.vtpass.com/abuja-electric and follow these three simple steps
– Log on
– Select
– Pay
It is Safe, Reliable and Convenient
VTPass: Making Life Easy