After more than three hours of dialogue Monday with various sectors in Bacolod City, the KEPCO SPC power firm clarified that the intention to increase its rates is reasonable and competitive compared to other available coal-fired power plants in the region.
Despite this future increase to be passed on to Central Negros Electric Cooperative, Inc. (CENECO) consumers, the Bacolod-based power distribution utility continues to enjoy the rank of “lowest in the region” in terms of power price, based data gathered by an independent research web entity www.kuryente.org.ph.
“This therefore augurs well for the development of local home grown investments and attraction to incoming investments given this low-cost electricity business climate,” it was stressed.
Representatives from KEPCO SPC Power Corp. led Monday’s dialogue-consultation
with sectoral groups in Bacolod City on their request to amend previous power
sales contract with CENECO which would increase rates. In photo are Mr. Ron
Tangkay, Atty. Guillermo Dabbay and Atty. Julius Reyes.*(Gil Severino photo)