The Central Negros Electric Cooperative, Inc. announced today, August 18, that the average residential rate for the billing month of August 2022 is at P15.4772/kWh, an increase of P1.2891/kWh, from last month’s rate of P14.1881/kwh.
CENECO said the P1.2891/kWh rate hike can be attributed to the increase in generation, transmission and system loss charges caused by the increase in Palm Concepcion Power Corporation (PCPC) fuel price from P8.08 to P9.55.
Additionally, the electric power provider attributed the added cost to the increase in average Wholesale Electricity Spot Market (WESM) price from P8.65 to P9.41, implementation of ratio adjustments, and other pass through charges such as Lifeline & Senior, GRAM ICERA Adjustment and VAT.
The pass-through charges equivalent to P14.2908/kWh of the total power rate include the Generation and Transmission charges, ERC-approved adjustments, government subsidies and taxes.
Despite the hike, CENECO clarified that only less than P2/kWh goes through CENECO.