The residential rate of Central Negros Electric Cooperative (CENECO) for February is down P0.2301 per kilowatt hour, while Negros Occidental Electric Cooperative’s (NOCECO) dropped by P1.8241/kWh.
The CENECO average residential rate for February is P14.8756/kWh, a decrease of P0.2301/kWh, from last month’s rate of P15.1057/kWh, its acting general manager Arnel Lapore said Friday, February 17.
Lapore attributed the decrease to the total net reduction in generation charges by 1.25 percent to the downward adjustment of about P2.3385/kWh in the average Wholesale Electricity Spot Market (WESM) price from P9.3732/kWh to P7.0347/kWh, and the decrease in Palm Concepcion Power Corporation (PCPC) fuel cost from P9.03/kWh to P7.87/kWh.
The PCPC gave a fuel discount of P0.30/kWh for the January billing of the 35MW PSA, he said.
The pass-through charges are equivalent to P13.6890/kWh of the total power rate, which includes the generation and transmission charges, Energy Regulation Commission-approved adjustments, government subsidies and taxes, Lapore said.
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, he added.
The P1.8241/kWh decrease in the NOCECO rate is driven by the drop in the total generation charge, its general manager Ray V. Bustamante, said.
NOCECO’s February rate dropped to P14.6545 from P16.4786 /kWh in January, he said.*