‘JVA nothing to do with power rate hike’

The recent power rate increase on electricity bills imposed by Central Negeos Electric Cooperative this month has nothing to do with its joint venture agreement with Negros Electric and Power Corp. . This was clarified by Roel Castro, president and chief executive officer of More Power, and Ceneco general manager Arnel Lapore in a press conference on Tuesday, May 21.

He and Lapore explained that the power rate increase is not only imposed by Ceneco but also by other distribution utilities in the country due to the effect of extreme heat brought by the El Niño phenomenon. They also attributed the high electricity rates to the increase in power demand and outages of 13 power plants. Castro said that the Ceneco high power rates have nothing to do with the JVA.

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