PCCI sees lower power costs for electricity cooperatives

TWelve electric cooperatives in Central Luzon aggregated their total power demand of 300 megawatts, auctioned it off and contracted the winning supplier for 20 years starting 2019, according to the Philippine Chamber of Commerce and Industry (PCCI).

“The day when small electric cooperatives (ECs) will gain the upperhand in negotiating with large power generating companies (gencos) for lower rates for power supply is near,” Alfredo Yao, president of the country’s biggest electric co-op organization, said.