Month: January 2022

In compliance with IATF Resolution No. 148-B, 149 and LGU EOs, SORECO II implements the “No Vaccination Card, No Entry” policy. Also, as per DOLE-DOH-DILG-DOTr-DTI Joint Memorandum Circular 21-01 Series of 2021, MCOs and employees are encouraged to use StaySafe.Ph app when entering the office. If not applicable, manual logging/ registration will be required for contact tracing purposes. The minimum health protocols must also be observed at all times.

For residential consumers, the PHP 12.7777/kWh basic power rate for January 2022 is PHP1.7571 higher than the December 2021 power rate. This is due to the PHP 1.360/kWh increase in Generation Charge brought about by the USD 6.5754 increase in coal prices for the period that resulted in a PHP 1.6289/kWh rate increase in contracted power supply. Transmission Charge increased by PHP 0.2245/kWh due to continued power supply issues in the Luzon Grid resulting from power plant derations that also resulted in PHP 0.4580/kWh increase in WESM prices. System Loss Charge also increased by PHP 0.1726/kWh due to increased Generation Charge. All other charges remained fixed, as set by ERC. Below is the comparative table for the implemented December 2021 and January 2022 residential consumer basic power rates.

Low Voltage basic power rate of PHP 10.4356/kWh for January 2022 is costlier by PHP 1.5917/kWh as compared to PHP 8.8439/kWh rate in December 2021. Higher Voltage basic power rate of PHP 9.2768/kWh for January is costlier by PHP 1.5326 than the PHP 7.7442/kWh December rate. All basic charges are still subject to the imposition of taxes and other charges set by ERC. Indonesia, which supplies 98% of the Philippine energy sector’s coal requirements, has imposed a total coal export ban for the whole month of January 2022. The price of coal in the international market also remains high due to demands in China and Europe and is projected to recover by the first half of 2022. The production of the Malampaya natural gas field also remains limited.