Eko Disco laments huge revenue losses from meter bypass in Lekki area
Mr Adeoye Fadeyibi, the Chief Executive Officer and Managing Director, Eko Electricity Distribution Company (EKEDC) on Friday said the company was recording huge revenue losses in Lekki due to meter bypass and energy theft.
Fadebiyi said, at company’s Customers Engagement Town Hall Meeting with electricity consumers in the Lekki area, Lagos, that only 11,000 out of 30,000 electricity consumers recharge their prepaid meters monthly. “When you look at the other 19,000 customers not vending, this has resulted into loss of revenue to the company which has affected our operations,’’ he said. The EKEDC boss noted that the company was working hard to reveal the identity of those that were not recharging their meters.
He, however, advised customers to expose those bypassing meters and engaging in energy theft in their areas. He added that the tariff approved by Nigerian Electricity Regulatory Commission (NERC) was not enough to meter all customers. Fadeyibi however said the Federal Government through NERC had brought in Meter Asset Providers (MAPs) to provide meters for unmetered consumers. He urged customers within Lekki and environs to wait patiently for the commencement of the operations of MAPs.
Source: P.M. News