The Central Negros Electric Cooperative, Inc. announced a slight decrease in the average residential rate for the December 2022 billing billing cycle.
In a statement, it said that the charge per kilowatt hour has been reduced to P16.2006, a decrease of P0.0966/kWh from the previous month’s rate of P16.2972/kWh.
The P0.0966/kWh rate decrease is attributed to the following:
◉ Total net reduction in Generation Charges by 1.19% due to decrease in CENECO’s power supplier price as well as decrease in fuel cost; and
◉ Decrease in rate of other pass-through charges such as Lifeline & Senior Citizen Subsidies, GRAM ICERA Adjustment and VAT.
The pass-through charges equivalent to P15.0140/kWh of the total power rate include the Generation and Transmission charges, 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.
