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SunStar Noceco power rate up by P1.37
NEGROS. The Negros Occidental Electric Cooperative, catering to electric consumers in the southern portion in the province, from Pulupandan to Hinoba-an, announces an increase of P1.37 per kilowatt in its residential power rate for April. (Contributed Photo)
+ April 26, 2021 ELECTRIC consumers of Negros Occidental Electric Cooperative (Noceco) may incur higher bills this month, as the utility announced an increase of almost P1.37 per kilowatt (kWh) in its residential power rate.
The power distribution utility, catering to electric consumers in the southern portion in the province, from Pulupandan to Hinoba-an, has a prevailing rate of P10.2921 per kWh from the previous month s P8.9242 per kWh.
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Two companies under the San Miguel group submitted the lowest bids during the competitive selection process (CSP) held by Manila Electric Co. (Meralco) for the supply of 1,800 megawatts (MW) of power in the next two decades starting 2024.
This comes as a network of civil society organizations, Power for People Coalition, has asked the Supreme Court to file a temporary restraining order against the distribution utility’s CSP.
In a press release Friday, Meralco said that the two “best” bids came from Excellent Energy Resources, Inc. (EERI) and Masinloc Power Partners Co. Ltd (MPPCL) which both offered a low levelized cost of electricity (LCOE). The two firms are subsidiaries of SMC Global Power Holdings Corp.
Ceneco, Noceco rates to go up visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.