The Nigerian Electricity Regulatory commission (NERC) Wednesday rated Eko Electricity Distribution Company, EKEDC, as the best distribution company on all performance indices for the year 2017.
In the performance scorecard released by the regulatory body at the 24th monthly meeting between the Minister of Power, Works and Housing and operators of the power sector held on Monday 12th February, 2018, Eko Disco emerged tops by beating Benin Disco and Abuja Disco to the second and third positions respectively.
The meeting which drew participants from the entire electricity sector value chain was hosted by the Transmission Company of Nigeria at Katampe transmission Injection sub-station, Abuja.
According to the NERC scorecard, indices used for the rating include Aggregate Technical, Commercial and Collection (ATC&C) loss reduction, revenue collection and metering. Others are High Voltage fault clearance index, remittance to Market Operator and remittance to Nigerian Bulk Electricity Trading Company (NBET).
Speaking on the rating, the Managing Director, MD/Chief Executive Officer, CEO, of EKEDC, Engr. Adeoye Fadeyibi, said the rating was in line with the company’s resolve to be among the best power utility companies in the whole world. He also said the rating was the result of hard work, commitment and oneness of purpose by the entire workforce of the company.
Engr. Adeoye promised that the rating will serve as impetus for the company to aspire to higher grounds in the year 2018.
Also expressing his delight at the rating, Chairman Board of Eko Disco Mr. Charles Momoh said the company’s customers should expect more in service delivery in the year 2018. He said the lesson from the company’s rating as the best Disco is that the company cannot afford to relent on its oars so as to maintain its leadership position within the industry.
Mr. Momoh also thanked all workers of Eko Disco for the feat and urged them to do more in the year 2018.