Another round of power rates adjustments is being opposed vehemently by the Negros Oriental 2 Electric Cooperative and four other electric cooperatives in Negros Island.
The opposition came on the heels of a petition filed by the Korean Electric Company before the Energy Regulatory Commission for a 44 centavo per kilowatt hour increase in power rates.
NORECO 2 acting manager Dionefred Macahig said the five electric cooperatives in the island are united against the increase even as the ERC is still conducting a public hearing.
Macahig said that for Noreco 2, an increase in power rates within 5 years of the lock-up period as provided in its contract with KEPCO is in itself a violation of the provision.
KEPCO is supplying 16 megawatts of power to NORECO 2 and the reason for the petitioned increase is the increased requirements of fuel for the coal plant in Naga.
Meanwhile, NORECO 2 has assured a steady supply of electric power during the holiday season, in the wake of apprehensions over the preventive maintenance being conducted in one of the units of KEPCO in Naga.
Macahig were informed today by KEPCO that it is fast-tracking the maintenance work and it will be completed in a week.*JG
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