SunStar CEBU EXPLAINER: City Council to 'consult' Veco, business, consumer groups on electricity cost. Yet, ERC already ordered the firm to explain and, earlier, Veco twice promised to lower rates SunStar File May 07, 2021 THE Cebu City Council has decided that its committee on energy will discuss with Visayan Electric Company (Veco) officials and representatives of Cebu Chamber of Commerce and Industry (CCCI) and local consumer groups the growing complaints against the rise in electricity bills, especially during the pandemic. The date still has to be announced. The resolution, moved in its Wednesday (May 5) regular session by Minority Floor Leader Nestor Archival but passed with no objection, would have the committee find out why Veco has been allegedly buying "more than 50 percent of its power supply" from companies owned or affiliated with the owners of Veco.