IBADAN, OYO STATE. Ibadan Electricity Distribution Company has commenced a major Revenue Protection Campaign with a crack team of over 60 Executives and Officers to curb aggregate, technical and commercial losses.
Inaugurating the team in Ibadan, the Chief Operating Officer Eng. John Ayodele said revenue protection is needed to block leakages that could make the Company go under, and that this trend has made many Discos unable to pay their bills to the Market Operators and the Nigerian Bulk Electricity Trader (NBET).
He said lack of efficient revenue protection measures has been a major challenge as it deals with illegal consumption of power, pre-paid meter bypass, under billing, wrong tariff classification of Customers and energy theft.
IBEDC discovered that energy theft and meter tampering accounts for about 60 per cent of revenue losses across its Franchise, between January to Oct. 2019, the company has dealt with about 1,333 cases of Meter bypass.
The establishment of the IBEDC meter monitoring team is another initiative taken by the company to curb revenue leakages, other measures include:
- The use of Advance Metering infrastructure-this allows for two-way communication between the meter and the utility provider
- Whistleblowing initiative to get and investigate reports and tip-offs on corruption for prosecution.
Eng. Ayodele while receiving a delegation the Management of the National Environmental Standards and Regulations Enforcement Agency (NESREA) in Ibadan said the losses and financial challenges in the sector is worsened by multiple taxations and huge debt by government agencies and parastatals, Mr Ajani Adeleke the Zonal Director South-West who led the delegation charged every Nigerian to be environment safety conscious especially concerning the environmental regulations.
In a similar development, IBEDC pledged its support to the rescue operations of the Federal Road Safety Corps in Oyo state, The Chief Operating Officer who also received the Road safety commandant Uche Winifred Chukwurah touched on the need the for proper earthing of houses to avoid loss of property, accidents and deaths, Chukwurah on her part promised to continue the job of keeping Nigerian Roads free of accidents.