Category: Miscellaneous

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POWER RATES COMPARISON SEPTEMBER-OCTOBER 2021

Pass-on power rates decreased, October 2021 billing month.

Generation System Charge is Php5.2202/kWh with a 0.4632/ kWh difference from the September rate.

Transmission System Charge is Php1.2468/ kWh with a 0.4046/ kWh difference from the September rate.

System Loss Charge is Php0.7016/ kWh with a 0.0482/kWh difference from the September rate.

Residential Basic Charge is Php9.7767/ kWh with a 0.9161/ kWh difference from the September rate.

Likewise, the rate for Low Voltage Basic Rate Charge is Php7.6661/kWh with a 0.6092/kWh difference from the September rate and the Higher Voltage Basic Charge is Php6.5904/kWh with a 0.5114/kWh difference from the September rate.

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POWER RATES COMPARISON JULY-AUGUST 2021

The SORECO II Basic Charge for Residential Consumers raised from the July 2021 rate which was 10.5651/kWh to 10.7956/kWh in August 2021, indicating an increase of 0.2305 per kWh. The pass-on rates that affect this rate increase are Generation Charge that decreased to 0.0248/kWh, Transmission Charge with an increase of 0.245/ kWh, and System Loss Charge which also raised to 0.0103/kWh.

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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