Residents of Negros Occidental will be paying less for electricity this month, as two electric cooperatives announced a P1 decrease in their rates.
The Central Negros Electric Cooperative (CENECO) and Negros Occidental Electric Cooperative (NOCECO) said the decrease was due to a decrease in generation charges.
CENECO’s member-consumers will pay P11.533/kWh this month, from the previous P12.7835/kWh. NOCECO’s rate will be P13.3741/kWh, from P14.7487/kWh.
CENECO attributed the decrease to the decrease in prices at the Wholesale Electricity Spot Market (WESM). WESM prices went from P9.6952/kWh to P7.7711/kWh in June.
NOCECO said the decrease in its electricity rates was driven by the total generation charge, which decreased by P1.1643/kWh compared to last month.