
ERC orders CENECO to comply with rules on ineligible contracts
The Energy Regulatory Commission directed Central Negros Electric Cooperative Inc. to comply with existing rules, particularly on the limitation of ineligible contracts, ERC announced on its website Thursday, October 28.This development is in light of the ERC’s findings that CENECO imposed Generation Rates that included two Power Supply Agreement (PSA) Contracts that expired on May 30, it said.“Upon evaluation of the submissions of CENECO for the month of July 2021, the Commission found that CENECO included in its Generation Rates billed to its customers for the billing period 26 May to June 2021 onwards, charges emanating from PSA (Power Supply Agreement) or contracts that are already expired. Under our existing policy, generation costs from ineligible or unapproved supply contrac...