PUBLIC INQUIRY. Members of the Ilocos Norte board, on July 25, 2022, call on the management of the Ilocos Norte Electric Cooperative (INEC) to explain the exorbitant electric rates affecting consumers. On Wednesday (Aug. 10), INEC announced a power rate reduction of PHP1.11 per kWh for August. (File photo by Leilanie Adriano) LAOAG CITY - The Ilocos Norte Electric Cooperative (INEC) announced a power rate cut by over PHP1 peso per kilowatt hour (kWh) this August following a successful renegotiation with the Masinloc Power Plant. The lone electric distribution utility in the province has an active power supply agreement with the coal energy producer. INEC general manager Felino Herbert Agdigos confirmed this on Wednesday as he reported they were able to reduce their contract capacity to 25 megawatts from 51 megawatts so that the other power requirements can be sourced out to the wholesale electricity spot market (WESM) which offers cheaper electricity rates as of the moment. "Nobod