CENECO implements power rate hike

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The Central Negros Electric Cooperative, Inc. informs its electricity consumers that the average residential rate for the billing month of October 2020 is P10.4110/kWh, an increase of P0.2268/kWh, from last month’s rate of P10.1842/kWh.

The P0.2268/kWh rate hike can be attributed to the increase in generation, transmission, system loss charges and other pass through charges such as Lifeline & Senior and VAT.

The pass-through charges equivalent to P9.2244/kWh of the total power rate include the Generation and Transmission charges, Energy Regulatory Commission (ERC)-approved adjustments, government subsidies and taxes.

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. Since 2010, CENECO’s DSM and RFSC rate has not increased, the electric cooperative said in its press release.

In monitoring the monthly electricity usage, consumers are advised to look at their kilowatt-hour consumption and not the amount. The amount may vary depending on the pass-through charges as shown above.

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