
Power rates down P1 in January, further drop expected next month
The power rates of Central Negros Electric Cooperative (CENECO) and the Negros Occidental Electric Cooperative (NOCECO) have dropped this January.The rates of CENECO are down P1.0949/kWh and NOCECO’s dropped by P0.9587/Wh, both cooperatives announced Monday, January 16.The average residential rate of CENECO for January is P15.1057/kwh, a decrease by P1.0949/kWh, from last month’s P16.2006/kWh, its acting general Vic Alvaro said.Alvaro said the total net reduction in generation charges by 9.31 percent is due to the downward adjustment of about P1.2415/kWh in the average Wholesale Electricity Spot Market (WESM) price from P10.1146/kWh to P8.8731, as well as a decrease in fuel cost due to a one-time Palm Concepcion Power Corporation (PCPC) fuel discount of P0.27/kWh for the Decemb...









