Naga City, Camarines Sur — Over a hundred thousand consumers in Camarines Sur should brace for an electric supply cut-off later this month if the local power cooperative cannot come up with payment for its P276-million debt to its suppliers before January 25.
Camarines Sur Electric Cooperative II (Casureco II) was given until tomorrow (January 15), to pay its supplier, the Philippine Electricity Management Corporation (PEMC), P89 million as security deposit.
Manny Rojo, Casureco II spokesman, said the cooperative will also need to pay the Wholesale Electricity Spot Market (WESM) P187-M before January 25 to make sure its consumers will not experience total blackout.
The cooperative blames the freeze order issued by the Regional Trial Court (RTC) Branch 33, here, ordering Casureco II to freeze power rates.
“The TRO (temporary restraining order) considerably affected our collection efficiency,” Rojo said. “We are simply buying electricity from suppliers. We do not have control of the prices.”
If all of Casureco II’s efforts fail, it will be the first time that consumers in its service area in the third district of the province will experience a blackout due to unpaid bills.