EKEDP’s Year-to-Date Revenue Hits N39.5bn, ATC&C Losses Decline

Peter Uzoho

Eko Electricity Distribution Plc (EKEDP) has reported N39.5 billion as its year-to-date revenue, with Aggregate Technical, Commercial and Collection (ATC&C) losses dropping to 19.71 percent, the company told the Senate Committee on Privatization during an oversight visit to the utility firm.

Chairman of the Senate Committee on Privatization, Senator Shuaibu Isa Lau, led a nine-member delegation to EKEDP’s headquarters in Lagos, according to a statement signed by the General Manager, Corporate Communications, EKEDP, Abiola Aloba.

They reviewed the distribution company’s (Disco) operational performance, achievements and sector-wide challenges affecting supply in its network area.

In their presentation to the Committee, EKEDP’s management team led by the Managing Director in charge of Distribution at Transgrid Enerco Limited, Wola Joseph Condotti, said the company has recorded significant turnaround since privatization in 2013.

The statement said the company’s ATC&C losses have declined from 35.37 per cent to 19.71 per cent as at 2026 year to date.

It added that the the Disco’s average monthly revenue billed has grown from under N2 billion in 2013 to N39.5 billion, while the number of metered customers rose from 183,808 to 584,193 over the same period.

The management also briefed the Committee on key milestones achieved between 2024 and 2026 including full settlement of market obligations to the Nigerian Independent System Operator (NISO,) Waterfall, Nigerian Bulk Electricity Trading Plc (NBET) and bilateral power purchase agreement counterparties.

On infrastructure, EKEDP said it constructed three new 33/11kV injection substations, added 12 new 11kV and 13 new 33kV feeders, and replaced obsolete 11kV panels across 12 injection substations. The interventions contributed a combined impact of 178.25MW to the network.

On customer service and digitalization, the Disco highlighted integration with the National Identity Management Commission (NIMC) for real-time customer verification, a partnership with First Central Credit Bureau, deployment of a paperless digital workflow platform, and the launch of the Eko Power App in May 2026 as a self-service payment platform.

Despite the gains, the management drew the Committee’s attention to constraints outside its control. These it said included “transmission infrastructure limitations around Ajah, Eleko, Akangba, Agbara, Alagbon, Lekki and Ojo transmission stations, which continue to limit power evacuation and supply reliability”.

Other sector-wide challenges cited were “inadequate generation capacity, gas supply disruptions to generation companies, and outstanding debts owed by Ministries, Departments and Agencies (MDAs) as well as the armed forces”.

The debts, the management said, continue to affect collection efficiency and liquidity across the distribution value chain.

Responding, Senator Lau commended EKEDP’s performance improvements since the Committee’s last visit in 2024.

He gave assurances that the issues raised, particularly the lingering MDA and military debts and ongoing metering challenges, would be escalated directly to the Minister of Power for intervention.

EKEDP reiterated its commitment to working with the National Assembly, the Ministry of Power, the Nigerian Electricity Regulatory Commission (NERC) and other stakeholders to sustain service improvements and unlock investments needed to meet suppressed demand across its network area.

The management said sustaining the revenue growth and loss reduction will depend on resolving transmission bottlenecks and improving sector liquidity