Bacolod City, Negros Occidental— Good news to all consumers under the Central Negros Electric Cooperative (CENECO) as residential rates for the current month has dropped by P2.08 per kilowatt.
In a statement, CENECO said that the average residential rate for the billing month of October 2021 was significantly reduce to P10.1788/kWh, from last month’s rate of P12.2602/kWh. According to the electric power provider, the drop in its current charges can be attributed to the reduction in generation charges due to decrease in WESM price, transmission, system loss charges, implementation of PCPC adjustment, and other pass through charges such as Lifeline & Senior Citizens Discount and VAT.
But CENECO said of the total cost per kilowatt, only P1.1866/kWh of it goes to CENECO through Distribution, Supply, Metering (DSM) Charges and Reinvestment Fund for Sustainable CAPEX (RFSC) for its administrative and operational services. Since 2010, its DSM and RFSC rate has not increased, it added.
The pass-through charges equivalent to P8.9922/kWh of the total power rate include the Generation and Transmission charges, ERC-approved adjustments, government subsidies and taxes.