Singapore-based engineering and professional services consultancy firm WSP has released its assessment of the state of Iloilo’s current electric utility provider, Panay Electric Company (PECO). The results of the assessment have been received and released in a statement by the Iloilo Economic Development Foundation (ILED).
ILED said in their statement that the review was necessitated because it would offer an objective, independent, and global perspective on PECO’s ‘network performance and the quality of its asset and system platform’. The need for such is highlighted because of current issues surrounding PECO and the Iloilo city electrical utility distribution franchise.
ILED includes in its statement the clarification that WSP’s review of PECO did not include in its scope the customer service aspects of PECO.
The conclusion of the study is that PECO’s performance has showed significant improvement since 2010, however the franchise still lags behind similar distribution utilities (DUs) offered in key Philippine cities such as Metro Manila, Cebu, and Davao. Included in WSP’s assessment is a comparison to DUs of other ASEAN cities beyond the Philippines. Here, the ‘gap widens even more’, according to ILED’s statement. Based on the review, WSP says that the recommendations outlined for PECO in a similar review in 2010 have been implemented, but not in full.
According to ILED, WSP included in it’s report further recommendations for PECO to continue improvement of current facilities and ‘narrow this gap’ in what the franchise can provide, leading to ‘world-class electricity distribution service in Iloilo City’.
ILED as an organization focuses on promoting Iloilo as a preferred investment destination, emphasizing the urgency for word-class services in the region.
ILED ended its statement by endorsing the recommendations of the WSP 2018 report, highlighting that these steps are just the minimum to be taken by a DU to to provide quality service to its stakeholders. ILED expressed the high expectations set for PECO to upgrade its services and facilities through ‘significant investments, steadfast commitment, and enhanced capability for quality power service delivery’ to ensure Iloilo’s energy-secure future.