The Aggregate Technical and Commercial Collection (ATC&C) losses for the 11 Electricity Distribution Companies (DisCos) in Nigeria remained high at over 40 per cent in 2016, three years after the privatisation of the power sector, Daily Trust reports.
As at takeover of the 11 distribution firms by private hands on November 1, 2013, the operators were bound by their performance agreements to reduce their ATC&C losses to below 20 per cent within the first five years to improve their revenue generation and make the networks more efficient to deliver power supply to Nigerians.
However, a third year performance data report obtained from the Nigerian Electricity Regulatory Commission (NERC) showed that only Abuja and Kaduna DisCos were able to reduce their ATC&C losses in 2016.
While Abuja Electricity Distribution Company (AEDC) dropped its losses by six per cent, Kaduna Electric reduced its losses only by one per cent. Nine other DisCos did not see any drop in their losses drop target. Rather, they recorded a significant rise in the losses, as high as 13 per cent for Ikeja and Jos DisCos.
Source: Energy Mix Report