Jos Electricity Distribution Plc has launched the Feeder Management System and Bilateral Arrangements, aimed at enhancing efficiency in service delivery and revenue collection.
According to the Managing Director, Engr Abdu Mohammed, “The Feeder Management System constitutes a trailblazing business model, deliberately designed to optimise corporate performance, anchored on the dual pillars of effectiveness and efficiency.”
Mohammed on Friday explained that the innovative framework was facilitated by Bilateral Arrangements, which mandated JED PLC to assume 100 per cent energy off-take obligations, concomitantly requiring 100 per cent collection (payment) from customers for their consumed energy.
“This pragmatic shift 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,” Mohammed stated.
The Managing Director further disclosed that JED PLC has entered into Power Purchase Agreements (PPA) with select electricity generating companies for direct energy procurement.
“We have been required to provide a Bank Guarantee, which would serve as an ironclad surety for our energy off-take commitments,” Engr Mohammed said. “Failure to meet financial obligations to the market will precipitate instantaneous and expeditious deductions from the Bank Guarantee.”
Engr Mohammed emphasised that the Feeder Management System offers numerous benefits to electricity distribution companies, customers, and the overall power sector.
“The Feeder Management System (FMS) is a comprehensive solution for efficient energy distribution, revenue optimisation, and customer satisfaction,” he asserted.
Dr Friday Adakole Elijah, Head of Corporate Communications, assured customers that they would enjoy regular, stable, and uninterrupted power supply.
“We enjoin our customers to reciprocate this gesture and pay for their consumed energy promptly and at 100 per cent,” Elijah said.
