Households covered by the Negros Oriental Electric Cooperative II (NORECO 2) in Negros Oriental will be paying a higher power bill starting July.
The new rate per kilowatt hour is P10.18 for residential consumers and P9.63 for commercial or low-voltage consumers.
An advisory from the electric cooperative attributes the increase to the cost adjustments of its power purchased from their energy supplies and “other additional charges such as Value-Added Tax on the generation and transmission of power.”
NORECO 2, on May 16 this year, inked a power supply agreement with Green Core Geothermal Inc. to supply its electric requirements.
The Energy Regulatory Commission then issued a provisional authority for the full implementation of the applied generation cost for NORECO II effective immediately, said NORECO 2 Information Officer Beverly Gonzalez in a press statement.
Gonzalez said the power rates will differ as it is not fixed and subject to adjustments every billing month depending on the cost of the purchased power from the generation suppliers. (RMN/PIA)