Ceneco rates up by 98 cents per kilowatt hour-A A +A
Friday, February 21, 2014
CENTRAL Negros Electric Cooperative Inc. (Ceneco) general manager Sulpicio Lagarde Jr. confirmed the increase in power rates this month of P0.9783 per kilowatt hour.
Residential rate for February is P9.4429/kWh from last month’s P8.4646/kWh.
Lagarde said the generation charges, which is the biggest contributory factor to the rate increase is due to the Green Core Geothermal Inc. (GCGI) basic energy charge adjustment of P0.1621/kWh.
He added that the National Grid Corporation of the Philippines (NGCP) discontinued the power factor discount starting the billing month of January 2014 and there was no prompt payment discount for the month of February due to unsigned power supply agreement from the Power Sector Asset and Liabilities Management (Psalm).
Also there is an increase of P0.0716/kWh for line rental due to importation of power supply from Luzon since the Psalm plant in Leyte is not able to deliver its full capacity during peak hours due to the damage brought about by super typhoon Yolanda.
For February 2014 billing, residential consumers will be paying additional P0.9783 for every kilowatt hour consumed.
A consumption of 100 kilowatt hours will mean an additional charge of P97.83.
The Ceneco Board and Management strongly encourage all electricity consumers to conserve energy to avoid paying high electricity bills, Lagarde added. (TDE)
Published in the Sun.Star Bacolod newspaper on February 21, 2014.