By Apipa P. Bagumbaran
MARAWI CITY, Lanao del Sur (PIA)–The Power Sector Asset and Liability Management (PSALM) Corporation recommended the installation of power meters for all residential, commercial, and other member-consumers of the debt-ridden Lanao del Sur Electric Cooperative (LASURECO).
PSALM Vice President for Finance Manuel Marcos Villalon II said setting up electricity meters can provide an accurate and reliable billing system for consumers which could improve LASURECO’s collection efficiency and reduce its system loss.
Joining the Lanao Del Sur Energy Summit virtually Tuesday, July 19, Villalon told members of the energy sector, municipal mayors, vice mayors, line agencies, religious and traditional leaders, and civil society organizations in the province that the electric co-op’s unpaid bills have ballooned to P13 billion as of June 30, 2022.
He said the average consumption of LASURECO from January 2021 to June 2022 is about 18 million kWh or around P48M but its payment is only about 2% of the billed amount.
This prompted PSALM to issue a final demand to LASURECO to settle its debt or it would cut the power supply in Lanao del Sur and three municipalities of Lanao Del Norte which the co-op is servicing.
Aside from metering, PSALM also suggested joint cooperation between the concerned local government units and the National Electrification Administration for an intensive information campaign on the member-consumers duties and obligations to pay 100% of their power bills.
PSALM further recommended to LASURECO the formulation of a comprehensive collection program, techniques, and strategies to collect 100% of its receivables. (APB/PIA-10/Lanao del Sur)