IRBID DISTRICT ELECTRICITY CO

What IRBID DISTRICT ELECTRICITY CO does

Irbid District Electricity Company (IDECO) is a Jordanian public shareholding company listed on the Amman Stock Exchange under the ticker IREL, operating as a regulated electricity distribution and supply utility serving Northern Jordan. Established in 1957 and headquartered in Irbid, IDECO holds an exclusive 25-year distribution license (effective July 30, 2008) covering Irbid, Jerash, Ajloun, and Mafraq provinces, plus parts of Balqa governorate, reaching 326 cities and villages and 1,245 rural settlements. The company serves residential, commercial, industrial, and agricultural customers through government-regulated tiered tariffs, with the majority ownership held by Electricity Distribution Company (55.4%) following the 2008 privatization.

IDECO's core operations revolve around electricity transmission, distribution, and supply through owned infrastructure including power lines, substations, transformers, and a network that has achieved approximately 99% smart meter penetration as of April 2026. The company has invested in digital transformation with a comprehensive electronic services portal, mobile applications, an AI-powered load forecasting platform that analyzes weather impacts on grid operations, a monitoring and control center for rapid emergency response, and FTTH fiber optic capabilities. Adjacent service lines include renewable energy system connections (approximately 840 systems for military injury beneficiaries), electric vehicle charging stations, LED street lighting projects (129,304 units installed), and cybersecurity services aligned with Jordan's National Cybersecurity Framework. The company maintains ISO 9001, 14001, 45001, and 39001 certifications and has received the King Abdullah II Award for Excellence.

IDECO generates revenue through regulated monthly electricity tariffs charged to all customer segments, supplemented by connection fees for new service installations, renewable energy connection services under net metering arrangements, EV charging usage fees, and professional services for industrial customers. Pricing follows tiered consumption brackets across multiple subscription types including residential, small/medium/large industrial, extractive mining, broadcasting, and government-subsidized tariffs. Customer acquisition occurs through the company's exclusive franchise monopoly, with service delivery via physical offices across the franchise area, a digital self-serve channel (website and mobile app), and field sales teams for industrial and commercial accounts. The company distributed 5 million JOD in cash dividends in 2025 and holds 10 million JOD in registered capital.

Name

IRBID DISTRICT ELECTRICITY CO

Legal name

Irbid District Electricity Company - Public Shareholding Limited (شركة كهرباء محافظة إربد المساهمة العامة المحدودة)

Website

https://ideco.com.jo

Company type

Public

Founded year

1957

Operating status

Operating

Headcount range

101–250 employees

Short description

Irbid District Electricity Company (IDECO) is a regulated Jordanian electricity distribution and supply utility holding a 25-year exclusive franchise serving 326 cities and 1,245 rural settlements across Northern Jordan (Irbid, Jerash, Ajloun, Mafraq) with residential, commercial, industrial, and agricultural customers.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA)

Keywords

• Electricity distribution services
• Power transmission and supply
• Smart meter infrastructure
• Renewable energy connections
• Electric utility operations

Headquarters

HQ city

Irbid

HQ country

Jordan

HQ region

Middle East

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Others

Revenue model

1. Electricity Distribution and Supply (توزيع وتزويد الطاقة الكهربائية): Core regulated electricity distribution and supply services to customers within the franchise area. Revenue is generated through electricity tariffs charged to all customer segments (residential, commercial, industrial, agricultural). This is the primary revenue stream under a 25-year distribution license valid from July 30, 2008.
2. Connection Fees (تكاليف التوصيل): Fees charged for new electricity connections, meter installation, and service connections to residential, commercial, and industrial customers.
3. Renewable Energy Systems (أنظمة الطاقة المتجددة): Connecting and operating renewable energy systems (solar PV) for customers, including net metering arrangements. The company has connected approximately 840 renewable energy systems for military injury project beneficiaries in Irbid, Jerash, Ajloun, and Mafraq provinces.
4. Electric Vehicle Charging Services (خدمات شحن المركبات الكهربائية): Public electric vehicle charging stations operating under permits from the Energy Regulatory Authority.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

IDECO is a government-licensed electricity distribution utility that transmits and supplies electricity to residential, commercial, industrial, and agricultural customers across its exclusive franchise area in Northern Jordan (Irbid, Jerash, Ajloun, Mafraq provinces and parts of Balqa). It operates this distribution under a 25-year license valid from 30 July 2008, generating revenue primarily through regulated monthly electricity tariffs with tiered consumption brackets differentiated by customer segment. The company also offers new connection services, renewable energy system integration (including net metering), public EV charging stations, LED street lighting projects, and digital customer services via its mobile app and web portal.

Product overview

IRBID DISTRICT ELECTRICITY CO is an electricity distribution company serving the Irbid District in northern Jordan. The company operates a comprehensive portfolio of electricity services including distribution, transmission, and supply of electricity to residential, commercial, and industrial customers across Irbid, Jerash, Ajloun, Mafraq provinces and parts of Balqa. The company offers smart meter deployment (99% coverage), online services portal, renewable energy connection services, and is implementing an AI-powered digital platform for grid management and load forecasting. Services include electrical tariff management, bill payment systems, and LED street lighting projects. The company also provides cybersecurity services aligned with national frameworks and maintains fiber optic network infrastructure for operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Distribution and Supply Services Regulated electricity transmission, distribution, and supply services to residential, commercial, industrial, and agricultural customers within the franchise area covering Irbid, Jerash, Ajloun, Mafraq provinces and parts of Balqa, operated under a 25-year distribution license from 30 July 2008.
• IDECO Mobile App and Online Services Portal Digital self-service channels (mobile app on Google Play and App Store, plus web portal) enabling customers to access electricity services, bill payments, complaint submission, process tracking, and account management.
• Smart Meters (العدادات الذكية) Advanced smart electricity meters deployed across the service area, achieving approximately 99% deployment rate, improving reading accuracy, billing accuracy, and enabling efficient load management for residential, commercial, and industrial customers.
• AI-Powered Digital Platform for Grid Management Advanced digital platform using AI for electrical load forecasting and weather impact analysis on the electrical grid, enabling proactive workforce readiness and operational decision-making.
• Renewable Energy Connection Services Services for connecting renewable energy systems (solar PV) to the electrical grid, including net metering and energy wheeling arrangements under regulatory guidelines, for residential, commercial, and government customers.
• Regulated Electricity Tariff Services Government-regulated electricity pricing services with multiple tariff categories for residential, commercial, industrial (small, medium, large), extractive mining industries, broadcasting, agricultural, and subsidized customers, structured through tiered consumption brackets billed monthly.
• LED Street Lighting Project Deployment of 129,304 energy-efficient LED street lighting units in cooperation with the Ministry of Energy and municipalities of Irbid Governorate, improving street lighting and reducing electricity consumption.
• Electric Vehicle Charging Services Public electric vehicle charging stations operating under permits from the Energy Regulatory Authority, providing usage-based charging services to EV owners.
• Fiber Optic (FTTH) Network Services Fiber optic network infrastructure (FTTH) for internal communications and service delivery, with certified staff and specialized training programs for installation, operation, and maintenance.
• New Electricity Connection Services One-time connection fees and services for new electricity connections, meter installation, and service connections to residential, commercial, and industrial customers within the franchise area.

Quantifiable outcome

• 99% smart meter penetration by April 2026
• +4 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

14 partnerships are on record, tiered strategic, core and minor.

• Energy Committee of the Senate (لجنة الطاقة في مجلس الأعيان)strategicStrategic or Co-development Partner · 9 June 2026Institutional partnership for oversight and collaboration. Senate Energy Committee visited to review digital transformation projects, smart meters, and AI applications. Joint commitment to developing electricity distribution services in line with economic modernization vision.
• Investors Association in Al-Hassan Industrial City (جمعية المستثمرين في مدينة الحسن الصناعية)strategicChannel Partner/ Reseller/ Distributor · 7 October 2025Regular dialogue meetings to address challenges facing factories including power outages, tariff rates, insurance costs, and transformer costs. Collaboration to improve service continuity and support industrial sector competitiveness.
• Irbid Chamber of Industry (غرفة صناعة إربد)strategicChannel Partner/ Reseller/ Distributor · 7 October 2025Joint meetings with industrial sector representatives. Chamber represents about 2,000 registered industrial and craft establishments. Products exported to over 160 global markets. Collaboration to enhance cooperation and address electricity challenges.
• Higher Council for Rights of Persons with Disabilities (المجلس الأعلى لحقوق الأشخاص ذوي الإعاقة)strategicStrategic or Co-development Partner · 5 October 2025MOU to enhance inclusion of persons with disabilities in IDECO services. Covers updating technical and administrative systems, training staff on communication with persons with disabilities, developing internal policies for equal opportunities, and adapting infrastructure to meet building codes for persons with disabilities.
• Municipalities of Irbid Governorate (بلديات محافظة إربد)strategicStrategic or Co-development Partner · 3 October 2025Cooperation on LED street lighting project (129,304 units), network relocation for road improvements, and infrastructure development projects.
• Ministry of Energy and Mineral Resources (وزارة الطاقة والثروة المعدنية)coreStrategic or Co-development Partner · 2 October 2025Government oversight and partnership for energy policy. IDECO collaborates on LED lighting projects (129,304 units), renewable energy systems, and receives support through 'Falas Al-Rif' program for military injury beneficiaries (840 systems connected).
• Princess Basma Hospital (مستشفى الأميرة بسمة)minorOthers · 2 October 2025IDECO installed strategic electrical substation to ensure continuous power supply to new Princess Basma Hospital in Irbid.
• Arrow Company for Engineering Solutions (شركة السهم للحلول الهندسية)coreTechnology or Integration · 23 September 2025Partnership for specialized fiber optic training (Certified Fiber Optic Specialist in FTTH). Arrow Company provided the 5-day training program covering theoretical and practical aspects of fiber optic networks to IDECO staff.
• Professional Training Institution (مؤسسة التدريب المهني)strategicStrategic or Co-development Partner · 23 September 2025Strategic agreement to implement vocational training program leading to employment targeting 100 young men and women. Program aims to qualify and develop skills aligned with labor market needs in electrical work fields.
• Irbid Greater Municipality (بلدية إربد الكبرى)strategicStrategic or Co-development Partner · 23 September 2025Agreement to enhance service levels to citizens and facilitate investment environment. Municipality provides land sites owned by the municipality for IDECO to install transformers and electrical equipment to improve services and electrical networks.
• Royal Department for Environmental Protection / Irbid Security Department (الإدارة الملكية لحماية البيئة / مديرية الامن العام)minorStrategic or Co-development Partner · 3 June 2025Environmental initiative 'Keep Your Car Clean' (كيسك بسيارتك) to encourage drivers to keep garbage bags in vehicles for proper waste disposal and environmental cleanliness.
• National Cybersecurity Center (المركز الوطني للأمن السيبراني)coreStrategic or Co-development Partner · 1 January 2025Collaboration on cybersecurity strategy aligned with national cybersecurity framework, cybersecurity sector strategy (2025-2028), and regulatory requirements.
• Energy Regulatory Authority (هيئة تنظيم قطاع الطاقة والمعادن)coreStrategic or Co-development Partner · 1 January 2025Regulatory oversight and licensing authority. IDECO operates under 25-year distribution license. Collaborates on renewable energy system approvals through joint committee with distribution companies and National Electricity Company.
• Electricity National Company (شركة الكهرباء الوطنية)coreStrategic or Co-development Partner · 1 January 2024IDECO procures electricity from the national grid managed by Electricity National Company to meet consumer demand within its franchise area.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Jordan Electric Power Company (JEPCO): JEPCO is Jordan's other major licensed electricity distribution company, serving the central region including Amman. It operates under the same regulatory framework as IDECO and is its closest direct peer in terms of business model (regulated distribution monopoly), customer segments, and tariff structure.
• Electricity Distribution Company (EDCO): EDCO holds 55.4% of IDECO's capital and serves southern Jordan. It is both IDECO's parent and its direct peer in Jordan's three-utility distribution structure, sharing the same regulatory regime and operating model but covering a different geographic franchise.

Regional players

• National Electric Power Company (NEPCO): NEPCO is Jordan's national grid operator and the single wholesale supplier to IDECO. While operating at the transmission/wholesale level rather than distribution, NEPCO is the structural counterparty in IDECO's supply chain and a key reference point for understanding Jordanian electricity-sector economics.
• Central Electricity Generating Company (CEGCO): CEGCO is Jordan's principal generation company and part of the same national electricity value chain as IDECO. It operates upstream of IDECO and shares the same regulatory and policy framework, making it a relevant sector peer even though its functional role (generation vs. distribution) differs.
• National Electricity & Energy Company (Palestine): NEDCO is a regional distribution utility serving parts of the Palestinian territories. It shares with IDECO a similar regulated-monopoly model, dependency on external generation, and policy-driven modernization roadmap, making it a useful peer for benchmarking operating constraints in contested regional contexts.

Broad incumbents

• Saudi Electricity Company (SEC): SEC is the vertically integrated national utility of Saudi Arabia. While far larger than IDECO, SEC operates under a comparable regulated-monopoly distribution model in the same regional regulatory culture and serves as a benchmark for regulated returns, tariff modernization, and digital utility transformation in the Middle East.
• Dubai Electricity and Water Authority (DEWA): DEWA is a large Gulf utility combining electricity distribution with water and smart-grid services. It is a relevant benchmark for IDECO's smart-meter rollout, AI grid platform, and EV-charging initiatives, even though DEWA operates at substantially larger scale.
• Électricité Réseau Distribution France (Enedis): Enedis is France's regulated distribution-system operator and a global benchmark for smart-meter rollout (Linky program) and AI-driven grid management. It is comparable to IDECO in functional role (distribution-only, regulated monopoly) even though it operates at vastly larger scale.
• Iberdrola Distribución (i-DE): i-DE is the Spanish distribution arm of Iberdrola, widely regarded as a leader in smart-grid and renewable-integration services. It offers a useful comparator for IDECO's AI load-forecasting and distributed-renewable-connection strategy at the regulated-utility level.
• National Grid (UK): National Grid operates regulated transmission and distribution networks in the UK and US. While larger and more diversified, it is comparable to IDECO in that it operates critical regulated electricity infrastructure under regulatory oversight and serves as a reference point for capex intensity, tariff frameworks, and grid modernization investment cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCYv1nX-GZjM_8gY9xVBQ2DQ
• Facebookfacebook.com/IDECO.Electiricity
• LinkedInlinkedin.com/company/irbid-district-electricity-co-ltd-

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IRBID DISTRICT ELECTRICITY CO