The Managing Director of Abuja Electrical energy Distribution Firm (AEDC), Ernest Mupwaya stated his firm has put in 88,000 meters and would set up 120,000 models by December 2017 to deal with complaints on estimated billing.
upwaya stated this on the opening of a two day workshop on vitality theft for judges inside the Federal Capital Territory (FCT).
He stated, “The difficulty slowing down metering is funding constraint within the electrical energy market however now we have discovered a manner round it. We’ve got used the seller financing system to amass 120,000 meters and if they’re deployed and protected against vitality theft, we will acquire extra funding and meter extra clients.”
He additionally stated out of the 800,000 buyer base, AEDC has metered 3,800 who’re the most important 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 stated the Nigerian Electrical energy Regulatory Fee (NERC) has proposed revival of the Credited Superior Fee 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 can guarantee energy companies function optimally stated, “The wholesale (technology) tariff has elevated by 100 per cent since privatisation, on the retail aspect, the rise is barely 16 per cent so there’s already an enormous deficit.”
He stated whereas the DisCos search price reflective tariff to allow them make extra investments together with metering, clients would need to be meter first, earlier than they might assist any tariff enhance.
He suggested NERC to handle the liquidity hole by computing the tariff shortfall into the DisCos’ belongings so it might mirror of their steadiness sheet as projected income to be cleared by way of future tariff overview when the electrical energy market stabilises.
This could 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 stated NERC ranked the DisCo as the very best within the third quarter of 2016 after contemplating numerous parameters together with governance and community enchancment.
He famous that AEDC has continued to be among the many first 4 finest 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 stated AEDC has been the primary and the 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.