ELECTRIC bills may rise by 13 centavos per kilowatthour (kWh) to be borne by the consumers if the P36 billion recalculated back wages and wage adjustments were to be paid to former National Power Corp. employees, said the agency managing the Napocor assets and liabilities.
Power Sector Assets and Liabilities Management Corp. (PSALM) President Emmanuel Ledesma Jr. said this could happen if the ruling of the Supreme Court (SC) that allows the agency to recover from consumers the payment to the Napocor Drivers and Mechanics Association (DAMA) took effect.
“The impact on electricity bills is estimated at P0.13 per kWh over a period of 10 years,” said Ledesma.
He explained that the SC ruling grants PSALM the authority to file for recovery of 13 centavos per kWh from consumers under the universal charge for stranded debt.
PSALM, which manages the assets and liabilities of Napocor, is set to file before the High Court its own computation on the claims of Napocor employees.
This is to determine who and how much will be paid to the agency’s employees.
“What we’re trying to get, we are requesting a breakdown of the P62 billion. Where did the P62 billion come from? It (the computation) should be per employee,” Ledesma said.
About 9,000 employees are entitled to back wages and other benefits from Napocor, said PSALM.
The SC has stopped the implementation of the order to garnish the assets of PSALM to pay the Napocor drivers and mechanics.
Based on the SC decision, the former Napocor employees are entitled to back wages and other benefits totaling P62 billion.
But Ledesma stressed that their list shows that the payment should be lower than P62 billion.
“Based on our list, it’s lower than P62 billion, around P35 billion, P36 billion,” Ledesma said.
In 2002, Napocor employees filed a class suit against the corporation, which the Supreme Court recently upheld.
The case, according to Napocor President Ma. Gladys Sta. Rita, started with the restructuring of the electricity industry and the implementation of the Electric Power Industry Reform Act (EPIRA) of 2001.