EKEDP cuts ATC&C losses to 19.7% as Senate backs reforms

By Udeme Akpan, Energy Editor

The Senate Committee on Privatisation has commended Eko Electricity Distribution Plc (EKEDP) for improving its operational performance since the privatisation of Nigeria’s power sector, while promising to escalate the challenges of mounting government debts and transmission constraints to the Minister of Power.

The assurance was given during an oversight visit by the committee to EKEDP’s headquarters in Marina, Lagos, where lawmakers reviewed the company’s performance, infrastructure investments and the challenges affecting electricity distribution within its franchise area.

Chairman of the Senate Committee on Privatisation, Senator Shuaibu Isa Lau, praised the utility for its remarkable progress since the committee’s last visit in 2024.

“We have seen significant improvements in EKEDP’s operations since our last oversight visit. The concerns raised, particularly the outstanding debts owed by Ministries, Departments and Agencies (MDAs) and the armed forces, as well as the metering challenges, will be taken up with the Minister of Power for necessary intervention,” Lau said.

During the presentation, EKEDP management said the company had recorded a major turnaround since it was privatised in 2013.

In a statement, the General Manager, Corporate Communications, EKEDP, Abiola Aloba, said, Aggregate Technical, Commercial and Collection (ATC&C) losses have dropped from 35.37 per cent in 2013 to 19.71 per cent in 2026 year-to-date, while average monthly revenue billed increased from less than ₦2 billion to ₦39.5 billion over the same period.

The company also disclosed that the number of metered customers had grown from 183,808 to 584,193, reflecting sustained investments in customer metering and network expansion.

The management team, led by Wola Joseph Condotti, Managing Director, Distribution, Transgrid Enerco Limited, told the lawmakers that EKEDP had also achieved full settlement of its market obligations to the Nigerian Independent System Operator (NISO), the Waterfall payment arrangement, the Nigerian Bulk Electricity Trading Plc (NBET), and bilateral power purchase agreement counterparties.

It said that between 2024 and 2026, the company constructed three new 33/11kV injection substations, added 12 new 11kV feeders and 13 new 33kV feeders, and replaced obsolete 11kV panels across 12 injection substations, adding a combined 178.25 megawatts to its network capacity.

EKEDP further highlighted its digital transformation initiatives, including integration with the National Identity Management Commission (NIMC) for real-time customer verification, a partnership with the First Central Credit Bureau, deployment of a paperless workflow platform and the launch of the Eko Power App in May 2026 to enhance customer self-service.

Despite the progress, the company said its performance continues to be constrained by factors beyond its control.

Management identified transmission bottlenecks around the Ajah, Eleko, Akangba, Agbara, Alagbon, Lekki and Ojo transmission stations, saying they continue to limit power evacuation and reduce supply reliability across its network.

The company also listed inadequate electricity generation, recurring gas supply disruptions to generation companies and the huge debts owed by MDAs and the armed forces as major issues undermining collection efficiency and liquidity across Nigeria’s electricity value chain.

EKEDP reaffirmed its commitment to working with the National Assembly, the Ministry of Power, the Nigerian Electricity Regulatory Commission (NERC) and other stakeholders to sustain improvements in electricity supply and accelerate investments needed to meet growing electricity demand across its franchise area.

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