
NOCECO, NONECO increase October rates, too
Negros Occidental Electric Cooperative (NOCECO) and Northern Negros Electric Cooperative (NONECO) have increased their power rates in October.Jonas Discaya, general manager of NOCECO, said the new residential rate is P9.4417 per kilowatt hour (kWh) from P8.3121/kWh in September, posting an increase of P1.1296.He said the main driver of the higher electricity rates this month were the P1.1409/kWh increase in the generation charge, the P2.3344/kWh increase in Wholesale Electricity Spot Market, the 0.0102/kWh adjustment in the power supply agreement (PSA) from KEPCO SPC Power Corporation.Also contributing to the overall increase are the adjustments in the system loss rate, subsidy rate, and value-added tax in generation rate, he said.He also noted a reduction of P0.0826/kWh in...









