If the motion of Team Energy Philippines Corporation gets approved, the increased costs will be passed on to thousands of consumers in Baguio and Benguet.
BAGUIO, Philippines – Power consumers in Baguio and Benguet moved to join the Benguet Electric Cooperative in opposing proposed power rate increases by filing a petition for intervention with the Energy Regulatory Commission .
The September 2022 motion for rate adjustment of the IPPs aimed to establish a new formula for the Electric Power Purchase Agreement between the IPPs and BENECO, taking into account the increasing price of coal used for energy production. The motion aimed to establish the new EPPA formula, which included the increasing prices of coal used in energy production as a factor.
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