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Monday, November 20, 2017

VECO advances net metering offer to customers

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By Myrna M. Velasco

Cebu City  – The net metering program is giving customers the upper hand in their energy supply sourcing preference and prospectively cost savings, and the Visayan Electric Company (VECO) is reinforcing its offer of this service to customers.

The Visayan utility firm apprised subscriber-targets that “residential or commercial customers who have existing solar facilities that have a capacity of 100 kW (kilowatts) and below are eligible for enrollment in the net metering program.”

According to VECO Chief Operating Officer Anton Mari G. Perdices, the utility firm has been enticing “those who already have solar technology in their homes to enroll in the VECO net metering program.”

By availing of this service-offer, he noted that the utility firm would be able to “install the correct metering system and (customers) get to earn more from selling the excess power generated from their system.”

One major net metering customer of VECO is Cebu-based Sunpride Foods, Inc., a meat-processing company. It has an installed capacity of 96 kilowatts, and Sunpride Marketing Manager Don Haley T. Wong, indicated that their solar installation is “basically used to power their slaughterhouse facility.”

To date, the Aboitiz-led power distribution firm already has 53 net metering customers for a total capacity of 413 kilowatts; seven of which are commercial end-users.

With net metering, end-users utilizing solar and other qualified technologies as their energy source can draw and inject capacity to the grid depending on the generation of their installed systems. In other power markets, customers that have taken advantage of the service had logged cost savings in their overall electricity bills.

The country’s net metering program allows customers of distribution utilities (DUs) “to install an on-grid renewable energy facility not exceeding 100 kW in capacity so they can generate electricity for their own use.”

Under that setup, it was explained that “any electricity generated that is not consumed by the customer is automatically exported to the DUs’ distribution system.”

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