Ceneco power rate drops in May

NEGROS. Central Negros Electric Cooperative announces a reduction of P0.2917 per kilowatt hour in its residential power rate for this month. (Contributed Photo)
NEGROS. Central Negros Electric Cooperative announces a reduction of P0.2917 per kilowatt hour in its residential power rate for this month. (Contributed Photo)

THE Central Negros Electric Cooperative (Ceneco) has announced that its average residential rate for the billing month of May 2022 is P11.1401 per kilowatt hour (kWh), a decrease of P0.2917 per kWh from last month's rate of P11.4318 per kWh.

Ceneco Acting General Manager Ervin Stan Leo Ticar, in an advisory, said the decrease is attributed to the net reduction in generation, transmission and systems loss charges.

There was also a reduction in other pass-through charges, such as lifeline, senior citizen, Generation Rate Adjustment Mechanism (Gram) and Incremental Currency Exchange Rate Adjustment (Icera) adjustments and value-added tax (VAT), Ticar said.

The pass-through charges equivalent to P9.9535 per kWh of the total power rate included the generation and transmission charges, Energy Regulatory Commission (ERC)-approved adjustments, government subsidies and taxes.

Only P1.1866 per kWh of the power rate goes to Ceneco through Distribution, Supply, Metering (DSM) Charges and Reinvestment Fund for Sustainable Capex (RFSC) for its administrative and operational services, he said, adding that since 2010, the cooperative's DSM and RFSC rate has not increased.

Ceneco caters to the largest electric consumers in the province, including those in cities of Bacolod, Bago, Talisay and Silay, and towns of Murcia and Don Salvador Benedicto.

The power distribution utility explained that for every kWh consumed by residential consumers, roughly 10 to 14 percent of the total bill amount goes to Ceneco.

Thus, in monitoring the monthly electricity usage, consumers are advised to look at their kilowatt-hour consumption and not on the bill amount since it varies depending on the pass-through charges, it added.

Ticar also said that while the world market fuel prices remain volatile and may affect the electricity rates, the Ceneco Board and management continue to remind its electricity consumers to conserve energy to avoid paying high electricity bills.

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