Thursday, December 19, 2013

CASURECO II confirms power rate hike

CSUR —Camarines Sur Electric Cooperative (CASURECO) II consumers will be charged an additional P3.89 in their electric bill this December.
This was confirmed by CASURECO II spokesperson Emmanuel Rojo, who explained that the power rate will increase from P11.50/kwh in November to P15.30/kwh this month for residential consumers.
Rojo revealed that the rate hike is due to the unplanned shutdown of major power suppliers from which the electric cooperative gets 40 percent of its power requirement. Among these suppliers are Masinloc and BacMan, which are currently undergoing maintenance work.
To cover the power requirement of its consumers, CASURECO II would be purchasing from the Wholesale Electricity Spot Market (WESM), a sport market that sells power at around P3 higher than the aforementioned regular suppliers.
Before the shutdown of Masinloc and BacMan, CASURECO only needed to buy 10 percent of its power supply from WESM. However, it now needs to rely completely on such spot market to continue providing for the needs of its consumers.
The power rate hike affects consumers in Naga City, as well as the municipalities of Canaman, Calabanga, Bombon, Pili, Milaor, Minalabac, Tinambac, and Siruma.
Rojo announced that by February 2014, the power rate is expected to return to normal.

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