Consumers of Central Negros Electric Cooperative (CENECO) are expected to see their energy cost balloon by P3.91/kWh from the current P7.60/kWh due to the increase in generation, transmission and system loss charges and other passthrough charges such as lifeline & senior citizen subsidies, GRAM ICERA adjustment and VAT.
In a statement CENECO informs its electricity consumers that the average residential rate for the billing month of February 2022 will be at P11.5123/kWh.
In a press statement, CENECO said the total power rate include the pass-through charges covering Generation and Transmission charges, ERC-approved adjustments, government subsidies and taxes amounting to P10.3257/kWh. Only P1.1866/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, CENECO stressed.
Since 2010, CENECO’s DSM and RFSC rate has not increased.
In contrast with last month, CENECO implemented the last WESM power bill reduction adjustment on January 2022 power rate amounting to Php183.225M (P2.83/kWh) in relation to the NGCP submarine cable damage. Said WESM power bill reduction adjustments (which amount varies per month) were the primary driver of the decrease in power rates for the last 3 months (November 2021, December 2021 and January 2022).