The Managing Director of Abuja Electrical energy Distribution Firm (AEDC), Ernest Mupwaya mentioned his firm has put in 88,000 meters and would set up 120,000 models by December 2017 to sort out complaints on estimated billing.
upwaya mentioned this on the opening of a two day workshop on vitality theft for judges throughout the Federal Capital Territory (FCT).
He mentioned, “The difficulty slowing down metering is funding constraint within the electrical energy market however now we have discovered a method round it. We’ve used the seller financing system to accumulate 120,000 meters and if they’re deployed and protected against vitality theft, we are able to achieve extra funding and meter extra clients.”
He additionally mentioned out of the 800,000 buyer base, AEDC has metered 3,800 who’re the biggest energy customers and constitutes 50 per cent of the income assortment base, together with the governments’ Ministries, Departments and Companies (MDAs).
To make meters extra out there, he mentioned the Nigerian Electrical energy Regulatory Fee (NERC) has proposed revival of the Credited Superior Cost for Metering Initiative (CAPMI) the place clients purchase meters at designated outlets across the 11 Distribution Firms (DisCos) and have them put in with refund.
Mupwaya who decried the constraints in getting a price reflective tariff that may guarantee energy corporations function optimally mentioned, “The wholesale (technology) tariff has elevated by 100 per cent since privatisation, on the retail facet, the rise is barely 16 per cent so there’s already a giant deficit.”
He mentioned whereas the DisCos search value reflective tariff to allow them make extra investments together with metering, clients would wish to be meter first, earlier than they might help any tariff enhance.
He suggested NERC to deal with the liquidity hole by computing the tariff shortfall into the DisCos’ belongings so it might replicate of their steadiness sheet as projected income to be cleared by way of future tariff evaluate when the electrical energy market stabilises.
This might allow lenders to see the DisCos account as constructive and provides extra funding for funding requirement, Mupwaya famous.
On the DisCo’s achievements, the AEDC boss mentioned NERC ranked the DisCo as the very best within the third quarter of 2016 after contemplating varied parameters together with governance and community enchancment.
He famous that AEDC has continued to be among the many first 4 greatest performing DisCos which is a huge leap from the seventh place it occupied earlier than the privatisation in 2013.
Within the remittance of the month-to-month vitality assortment, Mupwaya mentioned AEDC has been the primary and the very best remitter within the final two years whereas making certain that it improves its networks by putting in over 200 transformers throughout Kogi, Abuja, Nasarawa and Niger states.