Rate for electricity to increase – NAPOCOR
The rate for electricity this month will rise after National Power Corporation (NAPOCOR) asked a price increase from Energy Regulatory Board (ERB). Two petitions raised by NAPOCOR to ERB asked for such increase to justify for their costs in Generation Rate, Adjustment Mechanism, and Incremental Currency Exchange Rate Adjustments.
Their costs increased because of the rise of the oil price worldwide and the weakening of the Peso-Dollar rate. If approved, the rate will be Php 18.21 kwh in Luzon and Php 45.33 kwh in Visayas.
Most popular tags: Aquino Administration Armed Forces of the Philippines Armed Forces of the Philippines (AFP) barangay elections Bohol Bohol crimes bohol local news Bohol news Bureau of Internal Revenue comelec Commission on Elections Commission on Elections (Comelec) daily Department of Agriculture Department of Education department of foreign affairs Department of Health Department of Health (DOH) Department of Justice Election 2010 Governor Edgar Chatto Malacanang MILF Mindanao Moro Islamic Liberation Front Moro Islamic Liberation Front (MILF) news noynoy aquino overseas filipino workers PAGASA peace talks PGMA Philippine economy Philippine National Police Philippine National Police (PNP) Philippine news Philippines PNP President Benigno "Noynoy" Aquino III President Benigno Aquino III PRESIDENT Benigno S. Aquino III President Gloria Macapagal-Arroyo Reproductive Health Bill Supreme court Tagbilaran City