The Ibadan Electricity Distribution company (IBEDC) has expressed the readiness of the Market Operator, a unit in the Transmission Company of Nigeria (TCN), to commence disconnection of its feeders from the national grid from next month.
This, it said was due to poor remittances from customers, according to a statement signed by IBEDC MD/CEO, Engr. Kingsley Achife, on Tuesday.
He noted that the action may result in power outages to customers within IBEDC franchise area.
Achife said: “As a revenue collection arm of the electricity value chain, IBEDC sells and distributes electricity generated by the generation companies. However, the company is unable to meet its financial obligations to the electricity value chain due to poor payment and huge outstanding bills by customers.
“We appeal to our esteemed customers to pay their current and outstanding bills to enable IBEDC to meet its obligations to the Market Operator and other parties in the electricity supply industry, to ensure continuous and uninterrupted power supply.”
He further explained that, “IBEDC as a responsible corporate organisation, prioritizes providing reliable and excellent service to its esteemed customers, but requires timely payment for the energy consumed.
“Payment for electricity is essential to ensure the sustainability of our operations, and it is a responsibility that we all share.
“We urge our customers to note that failure to pay current and outstanding electricity bills may result in disruption of power to homes, communities, and businesses connected to our network.”
