First Catanduanes Electric Cooperative, Inc. (FICELCO) Maintained It’s A+ Rating

The First Catanduanes Electric Cooperative, Inc. (FICELCO) maintained it’s A+ rating in the latest report of the National Electrification Administration (NEA) on the performance of 106 electric cooperatives all over the country. The only other A+ cooperative in the Bicol region is CANORECO.

The report issued by NEA Administrator Edita Bueno showed FICELCO with an average Systems Loss of 13.74 percent, meaning such a percentage of the electricity flowing through its power lines is lost to pilferage, technical defects and other reasons, including power use by the cooperative itself and its key officers.

This percentage is just below the limit of 14%, which has been set by NEA. If the Systems Loss of a cooperative goes beyond this limit, the excess would have to be shouldered by the cooperative, not by member-consumers. As it stands, the Systems Loss Charge appearing on your electric bill for the month of March is P0.8785 per kilowatt-hour. Add to this EVAT (why do they tax a loss?) and the SL charge is about eight percent of what we pay monthly for our power needs.

The systems loss reflects the inefficiency of an electric cooperative. The higher it is, the more inefficient are the co-op’s officials and work force. And there are rumors that co-op officials regularly "massage" their figures to reflect a lower Systems Loss.

Source: Inside Page by Fernan A Gianan, 17 April 2010 - Catanduanes Tribune

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