Share on facebook
Facebook
Share on twitter
Twitter
Share on email
Email

Benitez calls for review of WESM pricing regulations

BY GILBERT P. BAYORAN

The Energy Regulatory Commission has been urged by Third District Rep. Jose Francisco Benitez to review the pricing regulations in the Wholesale Electricity Spot Market (WESM), following hike in electricity rates.

Benitez said that electric cooperatives are buying more expensive power supply from WESM to compensate for lack of supply due to outage in the Cebu-Negros transmission line.

During a recent congressional inquiry on power rate hike, the 3rd district solon pressed the Department of Energy and ERC, aside from electric cooperatives, to reduce their electricity charges.

Benitez also quizzed DOE, ERC, CENECO and NONECO and other electric cooperatives on their power supply agreements, and the conduct of Competitive Selection Process to ensure the lowest price in a free and transparent bidding.

In its issued advisory, NONECO said that the reduction of its power rate in October by P11.13 per kilowatt hour, was due to the low cost of electricity it purchased from WESM, as well as deferment in the collection of congestion cost and line rental.

NOCECO announced its power rate reduction of P3.89 per kilowatt hour, and also P2.08 per kilowatt hour for consumers of CENECO.*

Share on facebook
Facebook
Share on twitter
Twitter
Share on email
Email
ARCHIVES

Read Article by date

December 2021
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 

Get your copy of the Visayan Daily Star everyday!

Avail of the FREE 30-day trial.