Category: Miscellaneous

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WHERE DOES YOUR MONTHLY PAYMENT GO? (UNDERSTANDING YOUR SORECO II BILL)

While there seem to be endless charges that appear on SORECO II Statement of Account, not everything therein goes actually to SORECO II. Only 15% of the bill goes to SORECO II. SORECO II is just mandated to gather these charges and serve as a collecting agent to simplify the process and remit said collections to corresponding entities connected in the power supply chain. Here is the guide to help you better understand what do these charges mean and where do they go.

GENERATION CHARGE (38%): Refers to the charge associated with the purchase of power from suppliers. This charge goes to the generation companies that supply the power. For SORECO II, the suppliers are the GN Power Mariveles Coal Plant and the Wholesale Electricity Spot Market.

SYSTEM LOSS CHARGE (6%): Refers to the cost-recovery of power that is lost due to technical and non-technical system losses. Effective May 2018 based on ERC Resolution No. 20, Series of 2017, only 12% of the System Loss will be recovered by SORECO II.

TRANSMISSION CHARGE (10%): This charge is paid to the NGCP for transporting power from generation companies to SORECO II substationsDISTRIBUTION, SUPPLY and

METERING (DSM) CHARGE (15%): This charge component goes to SORECO II which comprises 15% of the power bill for rendering service, maintaining, and delivering electrical power supply to the member-consumer-owner.

REINVESTMENT FUND FOR SUSTAINABLE CAPEX (RFSC) (5%): RFSC is intended to fund the rehabilitation and upgrading of the existing network and non-network assets of the coops.

SUBSIDIES (LIFELINE and SENIOR CITIZEN SUBSIDY)Lifeline Subsidy Rate are charge to non-lifeline customers to cover the lifeline discount provided to marginalized/low-income end-users, while, the Senior Citizen Subsidy Rate is charged to non-senior citizen-consumers to subsidize the 5% discount given to the registered senior citizen whose monthly consumption does not exceed 100kWh.

OTHER CHARGES (UNIVERSAL CHARGES, FIT-ALL, GRAM, ICERA, DWS, TAFPPCA, and TAFxA) (14%): SORECO II is mere collecting agent of these Charges and remits the same to the National Grid Corporation of the Philippines and to the Power Sector Assets and Liabilities Management (PSALM) Corporation as ordered by the Energy Regulatory Commission (ERC).

TAXES (12%): Value-Added Tax on Generation, Transmission, DSM and Other Charges are collected by SORECO II and remitted to the Bureau of Internal Revenue (BIR).

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POWER RATES ADVISORY:

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

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PUBLIC SERVICE

Due to the outbreak of the COVID-19 (Coronavirus) within the framework of the IATF recommendations for the measures to be taken and to prevent the spread of the disease in our franchise area, the SORECO II’s conduct of 31st Annual General Membership Assembly (AGMA) for 2021 is hereby canceled by virtue of Board Resolution Number 49 dated April 3, 2021. You sent Today at 4:31 PM ok

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POWER RATES COMPARISON FEBRUARY AND MARCH 2021

UNBUNDELED POWER RATES FEBRUARY MARCH COMPARISON:


As per residential consumer rates the basic charge has an increase of .0235/ kwh on Basic Charge due to increased Transmission charge rate amounting to .1143/ kwh from 1.4633/ kwh for the month of February to 1.5776/ kwh on March. While the rate on Generation System Charge has a decreased amount of .0772/ kwh as well as the rate on System Loss Charge with .0137/ kwh decreased amount.


Low Voltage: 7.1072/ kwh for March

Higher Voltage: 5.9445/ kwh for March

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Continuing education to new applicants for membership embracing technology-enhanced learning at Sorsogon II Electric Cooperative (SORECO II)

Pre-membership Education Seminar, one of the requirements for membership application under SORECO II Policy 15 is converted to e-learning to ensure learning outcomes were uncompromised amidst pandemic. While the assumption is that not all applicants have laptop and internet connection to do virtual seminars at home, the MSD Info Team pre-recorded the lectures and made arrangements for applicants to attend scheduled digital PMES at the branch office of their respective district where safety and health protocols are strictly implemented. #yoursafetyisourpriority

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SORECO II sends off Task Force Kapatid team

In the spirit of Cooperativism, SORECO II joins PHILRECA, NEA and other Electric Cooperatives in facilitating the immediate power restoration in the areas ravaged by Super Typhoon Rolly and Typhoons Quinta and Ulysses. SORECO II Task Force Kapatid were deployed November 17, 2020 at about 9:20 in the morning to assist in the power restoration of distribution lines and facilities of CASURECO 1 affected by typhoons. With the General Manager’s approval, TSD Manager Engr. Bobeth M. Dellosa and ISD Manager Rochelle E. Tan selected these eight (8) linemen personnel of SORECO II to compose the “PRDD Task Force”, an initiative of the One EC Network Foundation in cooperation with PHILRECA, APEC, Ako PaDayon Pilipino and Recoboda party-lists. The team equipped with one (1) boom truck/ manlift, electrical materials, safety tools, personal protective equipment, food allowances, supplements and an Antigen negative result will be extending help to CASURECO 1 power restoration for at least fifteen (15) days. A briefing on safety and other protocols was also conducted by Safety Officer Dante Encinas, spearheaded by GM Engr. Josef Erwin R. Tabuena and BOD President Engr. Dominador E. Escoto, Jr. on November 16 to ensure that safety practices will be integrated into the team’s daily operations.