Senator Win Gatchalian on Saturday said a refund should be in order if it will be proven that a violation has been committed by the Visayan Electric Company (VECO) because of its high cost of electricity.
The chair of the Senate energy committee took note of the January 4 directive issued by the Energy Regulatory Commission (ERC) to VECO demanding an explanation on the high cost of electricity specifically citing that from January to October 2020, the power purchases made from Cebu Private Power Corp. (CPPC) averaged at P35.3853 per kilowatt hour (kWh), with generation rate spiking significantly high at P1,470.90 per kWh for the month of September last year.
“Kung mapapatunayan na hindi makatwiran ang singil ng VECO, dapat ibalik nila ang binayad ng mga kunsyumer. Mandato ng ERC na protektahan ang interes ng publiko lalo na kung may pang-aabuso ngang nagawa,” Gatchalian said.
The senator cited Section 23 of the Electric Power Industry Reform Act (EPIRA) specifying that distribution utilities (DUs), VECO included, have the obligation to supply electricity in the least cost manner to its captive market.
CPPC is just one of the four independent power producers (IPP) supplying the energy requirements to VECO.
The other three are Green Core Geothermal Inc. (GCGI), Cebu Energy Development Corporation (CEDC) and Therma Visayas Inc. (TVI) whose power purchases averaged only at P5.5584 per kWh, P4.8922 per kWh and P5.6821 per kWh respectively, from January to October 2020.
Source: Latest Politics News Today (Politics.com.ph)
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