Central Negros Electric Cooperative president, Arnel Lapore said yesterday that they will give a presentation of the actual state of the cooperative from 2004 to 2011 to justify to the oppositors, intervenors and the public the payments they have made to the generators, at the Energy Regulatory Commission consultation on their petition today.
Bayan will stage a picket outside CENECO while the ERC is conducting the hearing to oppose additional payments sought to be passed on to consumers.
ERC has set for hearing, the CENECO request for the Commission to allow it to collect under recoveries totaling P414.6 million, at the CENECO annex building at 9 a.m. today.
Lapore said they will explain to the public the rationale why ERC came up with the mechanism
He also said that out of the under-recoveries totaling P414.6, about P296 million was incurred when the Wholesale Electricity Spot Market or Market Operator was implemented in 2011. The rest are distributed from 2004-2010, he said.
Of the P296 million, about P78 million in line rental was paid by CENECO last February 2011 to the power generators and this was not passed on to the consumers Lapore said.
Under the rules, he said, once a cooperative is charged for the line rental, this is automatically passed on to the consumers. CENECO absorbed the cost and did not pass it on to the consumers is because there was a new billing when the WESM was implemented, he added.
Mayor Evelio Leonardia representing Bacolod City, Bayan Muna and the Social Action Center, have filed petitions for intervention before the ERC to the application of CENECO to be allowed it to collect under recoveries totaling P414.6 million.*CGS