Photo courtesy of Leilanie Adriano/ Philippine News Agency
The Ilocos Norte Electric Cooperative signed a one-year emergency power supply agreement with Therma Luzon, Inc., a unit of Aboitiz Power Corp., to stabilize the province’s electricity supply during the summer season, officials said Tuesday.
INEC General Manager Cipriano Martinez III said the 10-megawatt emergency agreement will help maintain supply stability up to 70 megawatts.
He explained that the agreement is designed to prevent a power crisis and protect member-consumer owners across the province.
Martinez added that INEC and local government officials met earlier Tuesday to coordinate proactive measures in light of the global energy situation.
Jeremiah Padilla, senior vice president of Aboitiz Power, said the agreement offers a competitive rate for consumers and that discussions for a long-term power contract are ongoing in line with government regulations.
Martinez reported that the electricity rate under the agreement is about Php 5.70 per kilowatt-hour and includes a discount for prompt payment.
He noted that this initiative is the most effective measure available to address potential supply issues.
The cooperative hopes that the emergency supply will ease electricity concerns and ensure uninterrupted service for residents during peak summer demand.
