Ikeja Electric ATC&C loss dips by 7%

Ikeja Electric ATC&C loss dips by 7%

By Anthony Okafor

Ikeja Electric Plc (IE), said it Aggregated Technical and Commercial, ATC&C losses, dropped by seven percent in 2019.

This is coming even as the company stated that it also recorded an improved sustainable power through its bilateral agreements.

Ikeja Electric’s Chief Operating Officer (COO), Folake Soetan, disclosed this while giving highlights of the DISCO’s performance.

According to her, the company had successfully reduced her ATC&C losses from about 31.3 percent last year to 24.5 percent presently. ATC & C refers to Aggregated Technical and Commercial Loss reduction, which is the difference between the amount of electricity received by a Distribution Company from the Transmission Company and the amount of electricity for which it invoices its customers plus the adjusted collections loss.

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Soetan said: “2019 was a phenomenal year for us at Ikeja Electric. Despite the huge challenges we thrived and flourished. We tested new waters, learnt amazing lessons and set the pace in the Nigerian Power Industry. We were able to reduce our ATC&C losses from 31.3 percent to 24.5 percent, introduced e-billing, started the experiment towards improved sustainable power through the bilateral initiative and optimized our existing systems through innovations.”

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Speaking further she said: “We are committed to providing access to affordable and reliable power supply in line with the SDG 7 as we pursue our vision of being the provider of choice where energy is consumed.

“In 2020 we will deliver exceptional service to our customers, improve the quality of power supply and partner with the key industry players to build a sustainable power sector in Nigeria. ‘We are Ikeja Electric, We bring Energy to Live’,” she noted.

According to Soetan, the company was committed to providing access to affordable and reliable power supply in line with the Sustainable Development Goal (SDG 7) in pursuance of its vision of being the provider of choice where ever energy is consumed.

IE, introduced E-billing (electronic billing) system which enables effective delivery of bills to customers via SMS, email and USSD platforms. And recently announced the IE Mobile App which allows customers to view their bills, make complaints, request connection, check supply availability and chat live.

With its customers spread across the northern part of Lagos State and parts of Ogun State, Ikeja Electric operates through the six Business Units located in Ikeja, Oshodi, Akowonjo, Ikorodu, Shomolu and Abule-Egba.

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