CEBU CITY – The Cebu Chamber of Commerce and Industry (CCCI) has appealed for a reasonable electricity cost in the province, transparency in the power industry, and a regulatory agency to best serve the interest of all the consumers.
CCCI, the biggest group of businessmen in Cebu, also brought this concern to the attention of the Philippine Chamber of Commerce and Industry (PCCI).CCCI officials recently met PCCI president Benedicto Yujuico and Energy Regulatory Commission (ERC) Legal Service Director Maria Gines, and Electric Power Industry Management Bureau Director Mario Marasigan, among others.
“I want to acknowledge the Visayas Chamber for raising attention to this important competitiveness issue. The PCCI has been at the forefront on advocacies to bring power rates to a competitive level,” Yujuico said.
The CCCI expressed optimism that through the intervention of PCCI, actions will be taken to ensure all issues raised will be addressed by proper authorities.
George Barcelon, PCCI Chairman for Utilities and Legislative, said “the issue regarding the Visayas has been long in the waiting” and ensured the national chamber’s support to “elevate this to the highest level”.
The mandate of CCCI has always been to advocate and promote business competitiveness especially amid a globally challenging and disruptive economic environment, representing not only more than 1,000 member-companies and sectors but also the general consumers.
The CCCI’s issues on high electricity cost gained traction in December 2019 after a committee study on the power rates of Cebu’s biggest electric distribution company Visayan Electric revealed several grey areas that could be major factors to the high cost of electricity. CCCI had raised these issues to the Aboitiz-led power distributor and ERC. (Carlo Lorenciana)]
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