Ceneco residential rate up 12 cents in August-A A +A
Tuesday, August 19, 2014
THE Central Negros Electric Cooperative Inc. (Ceneco) announced Monday afternoon the increase of 12 centavos in its residential power rate for August.
From last month’s rate of P9.25 per kilowatt hour, this month’s rate went up to P9.37 per kWh.
The rate increase was mainly due to the generation system charge, which increased by P.0416 per kWh compared to the previous month’s rate due to a 20-day scheduled preventive maintenance of the Kepco-Salcon Power Corporation which led to exposure in the Wholesale Electricity Spot Market (WESM).
In July and June, residential power rates decreased for two consecutive months.
Residential rate for July 2014 billing is P9.2555 per kWh, down by P0.7304 per kWh from the June 2014 rate of P9.9859 per kWh.
Ceneco then said the generation system charge, the biggest contributory factor to the rate decrease decreased by P0.5261 percent kWh due to stable power supply and lower price in the WESM.
In June, residential power rate also dropped by almost P0.16 centavos after successive rate increases in the months of April and May.
For June 2014 billing, the residential rate is P9.9859 per kilowatt hour (kWh), a reduction of P0.1583 per kWh from last month’s P10.1442 per kWh.
In May, Ceneco announced a 22-centavo increase in its residential rate.
For the May 2014 billing, rate for residential users was pegged at P10.1442 per kilowatt hour, an increase of P0.2218 from the April rate of P9.9224 per kWh.
The increase was primarily due to higher capacity and monthly contracted energy with Power Sector Asset and Liabilities Management.
In April, Ceneco announced a 46-centavo increase in its residential rate. The April rate was P9.9224 per kilowatt hour, up by P0.4596 per kWh from March’s rate of P9.4628 per kWh.
Published in the Sun.Star Bacolod newspaper on August 19, 2014.