CEBU CITY, Cebu, Philippines — Electricity rates in Metro Cebu are expected to rise this month due to high fuel prices that resulted from the ongoing war between Russia and Ukraine.Engineer Raul
RESTORED Metro Cebu consumers, who started getting stable power supply only recently following the onslaught of Typhoon Odette in December 2021, now face higher electricity bills amid soaring coal prices due to the war between Russia and Ukraine.
Lucero said coal suppliers from Europe, who were heavily affected by the Russian invasion of Ukraine, were starting to source coal from Asia, particularly in Indonesia, a key supplier for coal-fired plants in the country. The Philippines imports around 75 percent of its coal requirement from Indonesia and Australia.
WESM, created under Republic Act No. 9136, or the Electric Power Industry Reform Act of 2001, is a centralized venue for buyers and sellers to trade electricity as a commodity where prices are determined based on actual demand and supply.Of the at least 19 coal-fired plants in the country, five are located in the Visayas. These are Toledo Power Corp. in Toledo City in southwestern Cebu province; Kepco-SPC Power Plant in the City of Naga, south Cebu; Cebu Energy Development Corp.
Indonesia Berita Terbaru, Indonesia Berita utama
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