THE Bohol Light Company Incorporated (BLCI), serving Tagbilaran City as its franchise area, has also increased its power rates imposed on the end-users in the city.
BLCI informed is clientele “that the effective electricity rate of BLCI for the August 2024 billing period is P12.82/kwh from P10.99/kwh for residential and P12.47 from P10.66/kwh for commercial consumers. The slight adjustment is due to the volatility of prices in the spot market.”
For details on the rate computation, the company urges its customers to visit its website at www.bohollight.com.
The electric distribution utilities in the province have posted the increase in the power rates separately and collects them from their respective area of coverage.
Bohol Electric Cooperative I and II raised their power rates “due to higher cost of electricity purchased from Wholesale Electricity Spot Market (WESM),” according to their respective announcements in the social media.
BOHECO I raises the residential power rates to P11.43/kilowatt-hour effective in August from P8.47/kwh in July, or a difference of P2.96/kwh.
BOHECO II, on the same vein, imposes higher than BOHECO I with P13.96/kwh in August, higher than July’s P10.26, or a difference of P3.70/kwh.
It was not immediately known why the 2 BOHECOs have no uniform power rates imposed on its end-users.
The high rates of the so-called generation rate, transmission rate, systems loss and value-added tax (VAT), which are all considered as monthly variables, are described as “pass-through charges” against the consumers, BOHECO II said in its information to its clientele.
Recently, the Primelectric Holdings, Incorporated (PHI), a subsidiary of Razon-led firm More Power electric and Power Corp., becomes the owner of the 70% shares of the Bohol Light Company, Inc. (BLCI) after it acquired the distribution utility (DU) from SPC Power Corp as confirmed by PHI president Roel Castro. (rvo)
