Ceneco to Refund P0.222/kWh to Consumers
Central Negros Electric Cooperative, Inc. (CENECO) general manager Sulpicio Lagarde yesterday announced that the coop will refund its consumers of the P0.222 per kilowatt-hour (kWh) for November 2017 billing period.
Lagarde said, in a press statement, that in October 2017 billing, CENECO collected P0.222 per kWh from consumers following the Energy Regulatory Commission (ERC) order dated June 20, 2017.
The order mandates all distribution utilities (DUs) like CENECO to comply with such order after the ERC approved the petition of the Power Sector Assets and Liabilities Management (PSALM) to recover in tranches periodic portion of Generation Rate Adjustment Mechanism (GRAM), Incremental Currency Exchange Rate Adjustment (ICERA), and Automatic Cost Recovery Mechanism (ACRM) True-up Adjustment.
However, on October 19, 2017, CENECO received another directive from ERC to defer the collection until January 2018 to give time to PSALM to conduct information and education campaign in response to the petition filed by consumer groups.
In response, the CENECO Board of Directors, headed by its president Roy Cordova, passed a resolution during its November 7, 2017 regular meeting to comply with the deferment order and decided to fully refund the collection in the billing month of November 2017.
Lagarde said for more information or inquiry, consumers may call CENECO Member-Consumers Integrated Services Division (MCISD) at 435-3640 to 55 local 212, 213, or 215.* (APT)