By Tara Yap
Iloilo City—The Senate approved in principle the franchise application of MORE Electric and Power Corp. as the new power distributor of Iloilo City.
Narzalina “Narz” Lim, chairperson of the Iloilo Economic Development Foundation Inc. (ILED), confirmed that the Monday decision of the Senate’s Committee on Public Services will end the 95-year monopoly of Panay Electric Co. (PECO) as the city’s power distributor.
“It’s no longer about PECO or MORE. It’s already MORE,” Lim told Manila Bulletin in a phone interview.
PECO’s government franchise is set to expire by January 2019. It filed a franchise application before the Lower House, but was not endorsed.
Citing Senator Francis Escudero, Lim said that PECO failed to acquire a congressional franchise right after the passage of Republic Act 9136 in 2001. PECO’s current franchise was issued by the now defunct National Electrification Commission (NEC).
Iloilo City Councilor Joshua Alim said PECO’s failure to get congressional franchise is a victory for the people of the city.
Over the past several years, PECO has been criticized for poor customer service as well as over billing and unannounced power outages.
While new in the power distribution business, MORE President Roel Castro assured that it will give better power service to the people of Iloilo City.