CENECO bares power rate for the month of July

Central Negros Electric Cooperative, Inc. (CENECO) informs its electricity consumers that the average residential rate for the billing month of July 2022 is P14.1881/kWh, an increase of P2.0710/kwh, from last month’s rate of P12.1171/kwh.

The P2.0710/kWh rate hike can be attributed to the increase in generation, transmission and system loss charges caused by the surge in PCPC fuel rate from ₱6.4963 to ₱8.0841, increase in power cost and other pass through charges such as Lifeline & Senior, GRAM ICERA Adjustment and VAT.

The pass-through charges equivalent to P13.0015/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.

For every kWh consumed by residential consumers, roughly 10 to 14 percent of the total bill amount goes to CENECO. Thus, in monitoring the monthly electricity usage, consumers are advised to look at their kilowatt-hour consumption and not on the bill amount since it varies depending on the pass-through charges as shown above.

While the world market fuel prices remain volatile and may affect our electricity rates, CENECO Board and Management continue to remind its electricity consumers to conserve energy to avoid paying high electricity bills.* (Ervin Stan Leo P. Ticar, Acting General Manager)