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The Energy Regulatory Commission issued an interim approval to Central Negros Electric Cooperative Inc. for the implementation of its power supply agreement with Lopez-led Energy Development Corp. .The ERC, in a notice of resolution dated May 29, 2024, gave interim relief for EDC to supply power to CENECO at a rate of P5.5657 per kilowatt hour .
The ERC said the grant of approval imposes obligation on EDC to provide replacement power to CENECO. It also noted that the final generation cost that EDC can charge is still subject to review by the commission. EDC is the country’s largest geothermal producer. It owns and operates the 49-megawatt Nasulo geothermal power plant in Valencia, Negros Occidental.
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