Ceneco: Power rate hike looms-A A +A
Friday, December 13, 2013
ELECTRICITY rates are expected to increase this December as the manual load dropping (MLD) will continue due to the unstable power supply, said Arnel Lapore, board president of the Central Negros Electric Cooperative (Ceneco).
The MLD requires scheduled brownouts, because electricity supply is still insufficient due to the damage brought by Super Typhoon Yolanda to power lines across the Visayas.
"It’s going to be a minimal increase only unlike the one imposed by Meralco in Manila which is subject to protest by its consumers,” Lapore said.
He added that because of limited supply of power from Unified Leyte geothermal power plant, Ceneco buys power from the Wholesale Electricity Spot Market (WESM).
The exact amount of increase would be determined on December 16 when Ceneco will receive its bills from the power generators, Lapore said.
He said consumers of the Negros Occidental Electric Cooperative (Noceco), which serves residents of southern Negros, and VMC Rural Electric Cooperative (Vresco), which distributes power supply to northern Negros, are also bracing for rate increase.
Lagarde said that in 2013, Ceneco has imposed a decrease in power rate seven times and increased its rates only three times.
Ceneco has existing bilateral power supply contracts with Kepco-Salcon Power Corp., Unified Leyte and Green Core Geothermal Inc.
Published in the Sun.Star Bacolod newspaper on December 13, 2013.