Arnel Lapore, President of Central Negros Electric Cooperative (Ceneco) of the Philippines, said that his organisation will oppose any move to impose another power rate increase by the National Power Corporation (Napocor) or the Power Sector Assets and Liabilities Management Corporation (Psalm).

Lapore said that the 7 centavos per kWh rate increase sought by Psalm and approved by the Energy Regulatory Commission (ERC) is “too much”.

Psalm has filed another petition seeking to raise power rates by a further 10.59 centavos/kWh in Luzon and 11.57 centavos/kWh in Visayas. It has also filed for a reduction of 2.58 centavos/kWh in Mindanao.

These are in addition to the stranded cost and stranded debt petitions amounting to a proposed increase of 3.9 centavos/kWh. Psalm also has a pending petition for generation and foreign currency adjustments.

The ERC is also considering petitions from the National Grid Corporation of the Philippines (NGCP) to pass on to consumers several costs, including recovery from typhoon damage and power theft amounting to $10m.

For more Distributed Generation news click here.