Aboitiz Group urges customers to shift to net metering
Visayan Electric Co Inc. (VECO) is encouraging its customers who have existing solar facilities to enroll in the net metering program.
The net metering program allows customers of distribution utilities and electric cooperatives to install an on-grid renewable energy facility not exceeding 100 kilowatts in capacity so they can generate electricity for their own use.
“We are encouraging those who already have solar technology in their homes to enroll in the VECO net metering program. This way we can install the correct metering system and they get to earn more from selling the excess power generated from their system,” VECO chief operating officer Anton Mari G. Perdices said.
Under the net metering program, any electricity generated that is not consumed by the customer is automatically exported to the distribution system of the DU, which gives a peso credit for the excess electricity received and deducts the credits earned to the customer’s electric bill.
VECO is the second largest electric utility company in the Philippines, a partnership between Aboitiz Power Corp. and Vivant Corporation.