Page 49 - Visayan Electric News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SunStar (File photo: Visayan Electric Company) + April 11, 2021 HEEDING the appeal of the business chambers in Cebu, the Visayan Electric Co. is set to renegotiate some of its power contracts in efforts to lower power rates in its franchise area. Visayan Electric president and chief operating officer engineer Raul Lucero announced that the electric utility has considered renegotiating its contracts with some of its power suppliers and is in fact already preparing to hold a competitive selection process (CSP) for power supply agreements. “We understand the difficulties that our ...

SunStar + April 06, 2021 THE Mandaue Chamber of Commerce and Industry (MCCI) is calling on Visayan Electric Company to renegotiate its contract with power generators to lower the cost of electricity in their franchise area. The MCCI wants the Visayan Electric to renegotiate the prices of two of the highest power producers for the distribution utility--power generators Cebu Private Power Corp. and Green Core Geothermal Inc. “A year into the pandemic and everyone is still trying to rise above our different problems. It is very difficult to recover when the businesses are saddled ...

Angelica Y. Yang THE technical staff of the Energy Regulatory Commission (ERC) is set to complete by February its evaluation on whether the biggest power provider in the Visayas had charged “high electricity rates” in the area as alleged by a business group, an official of the agency said on Tuesday. Floresinda G. Baldo-Digal, ERC commissioner-in-charge, said the regulator’s technical team is evaluating the letter sent by Visayan Electric Co., Inc. to explain its side. “The explanation is currently under evaluation by our technical staff, they are targeting to present thei...

SunStar SunStar File January 18, 2021 IF PROVEN that Visayan Electric (Veco) was charging its consumers high cost of electricity, the Energy Regulatory Commission (ERC) should demand a refund from the power company, said Senator Sherwin Gatchalian. “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 (If it will be proven that Veco committed a violation, it should refund the consumers. It is in the mandate of the ERC to protect th...

Press Release Gatchalian to ERC: Demand refund if Visayan Electric's charges are unjustifiable Senator Win Gatchalian 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. Gatchalian took note of the January 4, 2021 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 Php35.3853 per...