Who said something about what a cooperative truly is? In connection with Bukidnon Second Electric Cooperative, Inc. (BUSECO) is it a genuine coop? The answer I got was not very clear. Something stood out though, BUSECO must do something about this otherwise it should rename itself! A cooperative is a venture of members who owns the enterprise. Every year, dividends are given back to the members as indicated in the By-Laws.
Take a look at their official receipt: Experts, please explain . . .
Payment Details Rate Amount
Generation energy charge 6.0394 869.67
Power Reduction Act -0.1105 -15.91
Transmission Energy Charge 1.1926 171.73
System Loss Charge 0.9022 129.92
Distribution Energy Charge 0.5143 74.06
Supply Energy Charge 0.5828 83.92
Metering Retail Customer Charge 5.0000 5.00
Metering Energy Charge 0.3669 52.83
RFSC 0.2508 36.12
Additional RFSC 0.7419 106.83
Lifeline Rate Subsidy Discount 0.1265 18.22
Senior Citizen Subsidy Discount 0.0021 0.30
Real Property Tax 0.0130 1.87
Generation 0.3467 49.92
Transmission 0.0035 .50
System Loss 0.0445 6.41
Distribution 0.1200 43.05
OTHERS 0.1200 2.22
NPC extended contract costs 0.1938 27.91
___Energy Development 0.0017 0.24
Missionary Electrification? 0.1544 22.23
Environmental Charges 0.0025 0.36
UC FIT-ALL (?) 0.1240 17.86
ICES Adi (?) 0.0000 0.00
BILL AMOUNT 1,705.26
Add Surcharge 68.21
AMOUNT DUE Ph 1,773.47
Did you go through every label? Did you understand what BUSECO IS CHARGING US WITH?
BUSECO cannot even let go of the discount charged when the deadline of discount falls on a Sunday and you had to pay on a Monday!!! so the consumer must pay extra 68.21 thereby making the amount 1,705.26 jump to 1,773.47.
BUSECO must be charged for all the amounts charged to us when we might not even be the ones to pay!
BUSECO must be penalized for all the inefficiencies done under the guise of unexpected brownouts/blackouts when it is part of the business venture.
BUSECO must be answerable to every consumer who has always accepted its frate as consumer when some other business investor can take over and give a much better service.
BUSECO must change its name for as a cooperative, one important principle is accountability to its members and distribute the profits among its co-owners.
PAGING: Senator Miguel “Migz” Zubiri !!! Help us once again go through this injustice and give back to the people what is due them!!!