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Bacolod City, Philippines Saturday, January 6, 2018
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Ceneco to re-compute
P414M recovery charges

The president of Central Negros Electric Cooperative said they will re-compute the P414.6 million over/under recovery that they plan to collect from their consumers, so they will arrive at a transparent figure.

Roy Cordova said yesterday that they were directed by the Energy Regulatory Commission to hold a conference to revisit the P414.6 million over/under recovery before the Commission resolves the case.

He said they will re-compute the amount together with the intervenors and hope that the P414.6 million will be reduced, and Ceneco will be able to refund its consumers.

According to intervenor Elinore Cabanilla, the Negros Occidental Electric Cooperative refunded its consumers for its over/under recovery charges, Cordova said.

He said he believes there is a need to re-compute the P414.6 million over/under recovery and issue a position on the matter, he said.

Cordova said they will discuss the order of the ERC with the management in a conference. Whatever the result of their re-computation that will be conducted together with the stakeholders and Ceneco employees will then be submitted to ERC.

He said the activity was not only conducted pursuant to the ERC order, but is part of their transparency program.

Cordova said he has reservations regarding the computation because, although it has a template or formula, what was computed may not be the exact amount and this has affected the end result.

“I believe we should revisit the figures or data so we will arrive at an academic result,” he said.

Cordova said the conference was attended by power consumer advocates, like Social Action Center director, Fr. Chris Gonzales, Power Watch represented by Wennie Sancho, Alejandro Deoma for Bayan Muna, Negros Consumers Group and Green Alert, including Cabanilla and Romeo Lavilla.

If they cannot satisfy the intention of the conference, there is a possibility that they will hold another meeting, he said.

Gonzales said they are thankful for the opportunity given them by Ceneco to be part of the conference so these things will be clarified and will help enlighten the consumers.

The conference was called so they could determine the exact computation and if the amount being charged by ERC is correct. It would be better if ERC could send a representative who will do the computation using the formula they have provided so they will know what charges are being imposed on the consumers, Gonzales added.*CGS

 

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