Yellow oligarchy’s PECO Iloilo electricity monopoly may end next yearTIMES indeed are changing. The Panay Electric Co. (PECO) stands to lose the franchise it has tightly held as a monopoly for 95 years to distribute electricity in Iloilo City. Iloilo City has especially boomed in the 2000s because many of its elite families built resorts and other businesses in Boracay with their profits channeled back to the city where they live. But it is not only the high cost of electricity provided by PECO that is the problem, but also its service, according to leaders of Iloilo City. The Iloilo City Council last year even passed a resolution asking Congress not to renew PECO’s franchise and urged the national government’s takeover of electricity distribution in the metropolis.

Source: Manila Times November 15, 2018 16:07 UTC