Following weeks of preparation, the Jos Electricity Distribution Plc has birthed the Feeder Management System and the Bilateral Arrangements.
The new market regime, which was launched on (Friday) 22 November, was aimed at enhancing efficiency in service delivery as well as revenue collection from customers who consumed energy.
Under the new business regime, the staff of Jos Electricity Distribution Plc are expected to ensure that customers enjoy a stable and reliable power supply of 100% and that customers are expected to pay for their consumed energy promptly and at 100%.
A press release signed and issued by the company’s Head of Corporate Communications, Dr Friday Adakole Elijah assured customers that they were going to enjoy regular, stable and uninterrupted power supply in their premises.
The release also enjoined customers to reciprocate the gesture and pay for their consumed energy promptly and at 100%.
Speaking during the launching, the Managing Director, Engr Abdu Bello Mohammed, disclosed that the Feeder Management System constitutes a trailblazing business model, deliberately designed to optimize corporate performance, anchored on the dual pillars of effectiveness and efficiency, particularly regarding energy “off-take and distribution to our esteemed customers and payment by customers for their consumed energy”.
He explained that the innovative framework was facilitated by Bilateral Arrangements, which mandated Jos Electricity Distribution Plc to assume 100% energy off-take obligations, concomitantly requiring 100% collection (payment) from their valued customers for their consumed energy.
This paradigmatic shift, according to him, implies that customers would no longer be at liberty to pay arbitrary amounts; instead, they are obligated to remit full payment for their consumed energy, as dictated by the inexorable forces of the market, enshrined within the sacrosanct bilateral feeder arrangements.
Engr Mohammed further stated that in conformity with this novel market policy, Discos, including Jos Electricity Distribution Plc, has entered into Power Purchase Agreements (PPA) with select electricity generating companies with the aim of direct energy procurement.
As a precursor to the actualization of the Power Purchase Agreement, the Managing Director further explained that the JOS ELECTRICITY DISTRIBUTION PLC has been required to provide a BANK GUARANTEE which would serve as an ironclad surety for its energy off-take commitments.
“Failure to meet financial obligations to the market will precipitate instantaneous and expeditious deductions from the Bank Guarantee”, he disclosed.
Engr Mohammed further explained that JED PLC’s continued participation in the market necessitates the development of strategies that would ensure prompt and full payment by customers for their consumed energy.
Consequently, he said selected feeders have been designated for the exercise, strategically spanning the company’s franchise states of Benue, Bauchi, Gombe, and Plateau.
“The Feeder Management System offers numerous benefits to electricity distribution companies, customers, and the overall power sector”, he asserted.
He also explained that the Feeder Management System offers a comprehensive solution for efficient energy distribution, revenue optimization, and customer satisfaction.
In his words, “the Feeder Management System (FMS) is a comprehensive solution for efficient energy distribution, revenue optimization, and customer satisfaction”.
The system also significantly enhances customer satisfaction, fostering a positive relationship between utilities and their customers.
