Consumers told: Brace for increase in energy consumption rates

Morexette Marie B. Erram 03/24/2022

CEBU CITY, Philippines — Due to the ongoing war between Ukraine and Russia, electricity rates in Metro Cebu are expected to rise.  Engineer Raul Lucero, president and chief operations officer (COO) of Visayan Electric, revealed that they…

Electricity rates up due to fuel, WESM prices

11/17/2021

CEBU CITY, Philippines — A 22 centavos increase in electricity rates will be implemented in the Visayan Electric franchise for the billing month of Nov-Dec due to high prices of fuel and the Wholesale Electricity Spot Market…

Generation rates down by 0.07 centavos for Sept-Oct electric bill

09/17/2021

CEBU CITY, Philippines — The generation rates in the Visayan Electric franchise area will be 0.07 centavos lower for the September-October billing period. President and Chief Operating Officer Raul C. Lucero said the slight drop in the…

Two GBP subsidiaries cited for exceptional compliance practices

PR 10/15/2020

Global Business Power (GBP) subsidiary, Cebu Energy Development Corporation (CEDC), ranked high on the list of most compliant generators under the coal-fired category by the Philippine Electricity Market Corp. (PEMC). CEDC, with a capacity of 246 MW,…

Stiff competition seen in power sector

Victor Anthony V. Silva 08/04/2016

THE Wholesale Electricity Spot Market (WESM) recently reflected an increase in registered capacities of generating units in the Visayas Grid, signaling stiffer competition within the power sector. Melinda Ocampo, president of the Philippine Energy Market Corp. (PEMC),…

Veco de-loading program eases impact of shortage

Marites Villamor Ilano, Norman V. Mendoza 06/02/2015

Hour-long rotation brownouts continued in parts of Metro Cebu yesterday as demand still outstripped supply in the Visayas grid, especially during peak hours. As of 2 p.m., distribution utility Visayan Electric Co., Inc. (Veco) said four feeders…

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