Rate upsurge

Published by rudy Date posted on April 7, 2009

Starting this month, electricity costs will go up nationwide as a result of government regulators having allowed the National Power Corp. to provisionally adjust its basic charges.

The Energy Regulatory Commission decision, finalized last Feb. 16 but released only last month, increased Napocor’s basic charge by an average of 46.82 centavos per kwh for Luzon, by P1.1460 for the Visayas, and by 71.47 centavos for Mindanao.

The rate increase would mean a 12-percent rise for Luzon and an even higher 39.7 percent and 34 percent, respectively, for the Visayas and Mindanao grids.

Based on the provisional authority, Napocor’s basic charges will be P4.3684 per kwh for Luzon, P4.0339 for the Visayas, and P2.8177 per kwh for Mindanao. –Federico Pascual, Jr., Philippine Star

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