Can independent study help PECO extend franchise?
ILOILO City – In danger of failing to secure a franchise extension, Panay Electric Company (PECO) got a shot in the arm from an independent study on its distribution network.
PECO’s network performance “improved significantly” since 2010, according to a study conducted by Singapore-based engineering and professional services consultancy firm WSP.
Conducted in April this year, the study was commissioned by the non-profit, private sector- led organization Iloilo Economic Development Foundation, Inc. (ILED).
But while the study found PECO’s network performance to have improved, it noted that the service the company provides to its franchisees “lags behind” what distribution utilities in key Philippine cities – such as Metro Manila, Cebu Davao – provide.
“The gap widens even more when comparison is made with distribution utilities in the Asean region,” according to the study.