Electricity costs in Ilocos Norte of P16.767 per kwh and Ilocos Sur of P16.1192 per khw are “unconscionable” and such charges are preview to what will happen elsewhere as San Miguel Consolidated Power Corp. is seeking power rate hikes to recover P15 billion in losses from the spike in coal and gas prices.
Unbundled power rates in President Marcos Jr.’s home province, Ilocos Norte, cost P16.767 per kilowatt hour and for Ilocos Sur, P16.1192 per kwh. In comparison, Meralco charges customers in Metro Manila P9.7545 per kwh.
This prompted residents of both Ilocos Sur and Norte, to describe their power rates as “unconscionable” for power distributed by the Ilocos Norte Electric Cooperative and the Ilocos Sur Electric Cooperative Inc.
“It is unconscionable for any Filipino to pay more than P16 per kwh for their electricity, especially in Ilocos, a region not as developed as the National Capital Region, a region that has abundant potential renewable energy, and a region that has recently suffered from a natural disaster. You know you’re really doing something wrong if Meralco looks good compared to you,” Gerry Arances, P4P Convenor told Business Mirror.
Arances pointed to coal as the primary culprit for the high- power rates burdening consumers in the region, given the power supply agreements (PSAs) of the two electric cooperatives.
“INEC’s active PSA is with Masinloc Power Partners, which operates the Masinloc coal plant. ISECO has PSAs with Masinloc, GN Power Mariveles, and San Miguel Consolidated Power Corporation, which operates the Limay coal plant. With fossil fuel prices rising since the relaxation of the quarantine and the war in the Ukraine, the situation in Ilocos shows how consumers are punished by the decision of the government and generation companies to rely on coal,” said Arances.
The green energy advocate also warned that the situation in Ilocos can also happen all over the country, as San Miguel Corporation seeks to recover over ₱15 billion in losses from the spike in coal and gas prices.
Preview of what can happen
“Ilocos is a preview of what can happen to consumers if we let companies who forced us to use electricity from coal and gas escape the responsibility of the decision by passing on the costs. These companies decided to use fossil fuels despite the abundance of renewable energy sources in the country, even if fossil fuels harm the environment, are subject to fluctuations in the world market, and can harm people living near their plants. We are asking President Marcos to put his foot down on fossil fuels and commit to the transition to renewable energy at the soonest possible time,” said Arances
Tags: #electricitycost, #IlocosSurandNorte, #unconsionable, #SanMiguelConsolidatedPowerCorp.