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Monday, April 25, 2005
Veco explains power charges: Suppliers get lion's share
THE bulk of items reflected in the electric bills consumers receive are charges that power suppliers of the Visayan Electric Co. (Veco) and the National Government impose, and not those collected by the company itself.
Veco gave this explanation to Cebu Gov. Gwendolyn Garcia, who met with the company’s officials about complaints raised by consumers.
Today, Veco officials will also give Garcia and members of the media a tour of their new payment center in SM City Cebu to show that the company is trying its best to improve services.
In last Friday’s meeting, Bienamer Garcia, Veco vice president for administration, told the governor that of the more than 10 items reflected in the bills, only a few go to Veco.
Veco’s Garcia said these items are really not new, as they have been charging these to consumers before. They also said Veco has not increased its distribution rates for the last 11 years.
The items were just specified to follow government directive on unbundling of rates to make it more transparent.
The generation charge, or the cost of electricity supply generated and sold to Veco from the National Power Corp. (Napocor) or independent power producers (IPP), varies every month, he said.
Prices for different suppliers also vary, and Veco would not even know how much they have to pay the moment it consumes the electricity for distribution.
“This will depend on how much Napocor and the IPPs are billing us, so we wait for the bill before we know how much we have to pay,” Garcia. JPM
(April 25, 2005 issue)
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