The Central Negros Electric Cooperative, Inc. announced today, November 19 that the average residential rate for the billing month of November 2021 has a slashed of decrease of P0.1167/kWh as compared to last month’s rate of P10.1788/kWh.
This brings the current rate per kilowatt hour to only is P10.0621/kWh. CENECO said the P0.1167/kWh rate decrease can be attributed to the reduction in generation, transmission and system loss charges, implementation of Time-Of-Use (TOU) rate for 24MW as per ERC directive dated 25 October 2021 and June 2021 P11.29M WESM reduction as per ERC letter dated 20 September 2021, as well as other pass-through charges such as VAT.
The pass-through charges equivalent to P8.8755/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.