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Tell it to SunStar: Reaction to Pachico Seares' column


SunStar
+
May 13, 2021
PLEASE allow me to react to the incisive article by Mr. Pachico Seares on the issue revolving around Veco s high electricity rates. This is also a commentary on all the players business sector, politicians, and other stakeholders who are complaining, wanting to investigate, and eventually hoping to bring the rates of Veco down.
First off, we are one with these groups in seeking Veco to reduce its power rates. We believe there is always a way to bring cost down, either via reduced generation cost (which comprise around 60 percent of Veco s bill), reducing system losses (this includes running after pilferers, yes we are paying for their stolen electricity), as well as cost cutting and efficiencies in Veco operations. ....

Jaydar Medrozo , Pachico Seares , Therma Visayas , Mandaue Chamber , People Oversight Watchdog For Energy Reforms Power , Cebu Chamber , Cebu City , Carbon Market , Oversight Watchdog , Energy Reforms , Competitive Selection Process , Sun Star , Seares Amp 039 , தெர்மா விசயாஸ் , ஸிபூ அறை , ஸிபூ நகரம் , கார்பன் சந்தை , ஆற்றல் சீர்திருத்தங்கள் , போட்டி தேர்வு ப்ரோஸெஸ் , சூரியன் நட்சத்திரம் ,

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
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. ....

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Aboitiz Power fell 27% to P12.6 billion in 2020


Published March 10, 2021, 5:00 AM
Owing it to the overall downtrend in demand last year, the core net income of listed firm Aboitiz Power Corporation dropped 27-percent last year to P12.6 billion from a relatively flourishing bottom line of P17.3 billion in 2019.
The company stated that it booked leaner non-recurring net gains of P45 million last year vis-à-vis the heftier non-recurring net gains of P702 million in 2019, “mainly due to net foreign exchange gains on the revaluation of dollar-denominated liabilities.”
Aboitiz Power emphasized that “without the one-off gains, the company’s core net income for 2020 was P12.5 billion,” which was lower by 25-percent compared to P16.6 billion the prior year. ....

Negros Occidental , Emmanuelv Rubio , Aboitiz Power Corporation , Gnpower Mariveles Energy Center Ltd , Therma Visayas Inc , Therma South Inc , Mariveles Energy Center , Therma Visayas , Aboitiz Power , Aboitiz Power President , நீக்ரோஸ் தற்செயலானது , தெர்மா விசயாஸ் இன்க் , தெர்மா தெற்கு இன்க் , தெர்மா விசயாஸ் ,