SORECO II informs all Member-Consumer-Owners on the following increase in Power Rates for June 2021.
Residential – from PHP 9.6355/kWh in MAY 2021 to PHP 11.4850/kWh in JUNE 2021
Low Voltage – from PHP 7.4256/kWh in MAY 2021 to PHP 9.2966/kWh in JUNE 2021
Higher Voltage – from PHP 6.3144/kWh in MAY 2021 to PHP 8.1930/kWh in JUNE 2021
This is due to the increase in WESM prices from PHP 4.0520/kWh in MAY 2021 to PHP 9.5637/kWh in JUNE 2021. The power rate increase in the electricity spot market was the effect of the low power reserve in the Luzon Grid in the recent past weeks brought about by unforced outages of 3 major coal-fired power plants (4 units at 1,372MW total capacity) which coincided with the scheduled maintenance shutdown of 1 major hydroelectric power plant (3 units at 435MW total capacity). The low power reserve in the Luzon Grid was also the cause of the rotational brownouts that affected SORECO II ffranchise area.
Member-Consumer-Owners are reminded to be prudent in using electricity to properly manage their consumption
SORECO II Board and Management