Cane Points

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Cane Points: All Saints Day and All Souls Day: Time for Family

October 31 is a special non-working holiday to give employees, particularly those who live away from their homes, the chance to return to their places to pay homage to their dearly departed on All Saints Day and All Souls Day.

For daily wage earners under “no work, no pay” system, they might opt to go home this Friday and forego the day’s earnings on Monday (October 30) so that they’ll have more time with their families.

Cane Points: The Other Side of the Coin

As the excitement in Bacolod shifted to high gear last Friday in anticipation of the highlight of the MassKara Festival, people in Luzon were on edge over impending power interruptions.

Last Friday, the National Grid Corporation of the Philippines, which serves as the highway delivering electricity from power generation plants to the electric cooperatives and distribution utilities all over the country, has declared a red alert for the entire Luzon Grid.

Cane Points: Putting Things in Perspective

Consumer advocates filed a motion for reconsideration on the ERC decision authorizing Ceneco to collect P0.0817 / kwh for 50 months, or until the amount is fully paid, from its consumers to pay the P232 million differential billing which Ceneco owes to Kepco.

The amount of P232 million is being used as the monster to manipulate emotions and scare consumers to mindlessly oppose the ERC decision without taking the time and effort to study the whole issue.

It is best to put things in their proper perspective before reacting to any issue.

Cane Points: Temporary Relief on P232 Million

Consumers heaved a sigh of relief after Ceneco suspended the implementation of the additional P0.0817 / kwh arising from the Energy Regulatory Commission decision allowing Ceneco to collect the P232 million differential billing it owes to Kepco.

Where did this P232 million figure come from? Do consumers have to pay for it?

In 2007, Ceneco entered into a contract with Kepco for the delivery of 40MW base load. In 2009, ERC approved the contract at a base price of P4.2511/kWh.

Cane Points: Butch Bacaoco The P232-M Question

To pay or not to pay? That is the P232 million question.

Any increase on the burden to be paid by consumers is never welcome. But in the normal conduct of business, price increases come as a matter of course.

Perhaps a closer examination of the background of the issue can help clarify if the collection of the additional charge of P0.0817/kwh for 50 months is justified or not.

KSPC and Ceneco entered into a Power Sales Contract for 40MW base load on July 16, 2007. ERC approved the contract on February 26, 2009 at a base price of P4.2511/kWh. Moreover, KSPC and Ceneco entered into a Supplemental Agreement on July 29, 2011 for an additional supply of 24MW.