DESPITE the challenges that characterised the power sector last year, Ikeja Electric Plc (IE) said it has recorded achievements.
It said the achievements included the reduction in ATC&C losses, introduction of e-billing system and improved sustainable power through its bilateral agreements.
Chief Operating Officer (COO) Folake Soetan, who disclosed this while giving highlights of the Disco’s performance, noted that Ikeja Electric took a bold step towards improved sustainable power through the bilateral initiative.
She said the company had reduced its ATC&C losses from about 31.3 per cent in 2019 to 24.5 per cent at present. ATC & C refers to Aggregated Technical and Commercial Loss reduction, which is the difference between the amount of electricity received by a distribution company from the transmission company and the amount of electricity for which it invoices its customers plus the adjusted collection loss.
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