ASSISTANT BUSINESS EDITOR-
THE Management of Ikeja Electric has attributed Current economic realities and prevailing liquidity crisis in the power sector as the reason why they are unable to provide prepaid meters to all their Non-Maximum Demand Customers
The head, corporate communication, Mr Felix Ofulue disclosed this in Lagos why speaking in a media forum with selected Energy Editors, stressed that apart from the liquidity crisis hindering DisCos from metering customers, the estimated billings were in line with the methodology given to them by the Nigerian Electricity Regulatory Commission (NERC).
According to him , it is on our best interest to meter all our customers.’ When we meter our customers, we will be able to measure what they consume or use, also it will guarantee transparency in the billing, correct under billing and most importantly will correct huge energy loss in the system.
“Now, our inability to meter all our customers or everybody is due to the liquidity crisis. But as I speak with you, we are making all possible efforts to speed up and increase our metering roll-out and we believe that that it is the answer to all agitations against estimated billings.
Currently ‘ we are metering Ikeja GRA, and also we have been able to meter all our transformers and feeders to ensure the bills we give customers are fair enough’. It is important to add that estimated billing is factored in line with the estimated billing methodology given to us by NERC, so we don’t just sit down and formulate figures.”
He noted that Ikeja Electric has been able to meter all the MD customers within her network, and has contributed to local content development by engaging a local vendor for their metering.
He said at the moment the company’s customer debt profile has gone up to N88 billions which have further hindered efforts to strengthen infrastructure development.
Ofulue, however, complained about energy theft which he said is impacting on the company’s revenue and urged customers to settle their bills to enable it boost its operations
Meanwhile, experts in the power sector have stated that reliable and affordable power was critical to the country’s quest to become one of the most industrialised nations of the world. They said many states in the country lacked the financial capacity to invest in power generation.
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