The Negros Oriental Electric Cooperative II has received a 3.2 percent prompt payment discount (PPD) from the Green Core Geothermal, Inc., a government press release said.
The GCGI gives the discount to its clients who pay their bills promptly, NORECO II general manager Dionefred Macahig said.
Records from NORECO II show that it got its PPD for the billing month of January and the amount of PPD from GCGI (previous month’s power bill) was pegged at PHP 2.938 million.
The “should be pass on generation charge per kWh” is at PHP 5.0813, while the “actual pass on generation charge per kWh is at PHP 5.0284, the press release said.
The reduction in generation charge per kWh is PHP 0.0529 while the reduction in generation charge per month for every 100 kWh used is at PHP 5.29, the press release said.
NORECO II has consistently received a prompt payment discount from GCGI, which supplies the electric cooperative with its electricity requirements, for being on time with its payments.*PNA
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