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Ikeja Electric targets 100% metering of all consumers

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Ikeja Electric, Nigeria’s largest power distribution network says it targets 100% metering of all its energy consumers by 2022 and the improvement of customer satisfaction to 95 per cent by 2024.

CobraReview gathers that the Electricity Distribution Company, according to figures released by the Nigerian Electricity Regulatory Commission (NERC) on Wednesday also plans to invest N105bn in its network in the next five years.

In its draft Performance Improvement Plan submitted to the NERC, Ikeja Disco adds that it plans to reduce its Average Technical Commercial and Collection losses to 8.8 per cent by 2024.

See extract below:

“The investment requirements to achieve the performance agreement targets will result in a tariff increase that reflects our actual loss performance,” the Disco said in its draft PIP.

It added, “This increase in tariff will enable us to successfully deliver our performance plan.

“Over the next five years, Ikeja Electric plans to invest N105bn in its network to expand capacity in line with our demand growth, replace assets and deploy state-of-the-art technology to improve the efficiency of our operations.”

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