The average residential rate of Central Negros Electric Cooperative Inc. for February 2022 is P11.5123/kWh, an increase by P3.9133/kwh, from last month’s rate of P7.5990/kWh.
The P3.9113/kWh rate hike was caused by an increase in generation, transmission and system loss charges and other pass through charges, Jose Taniongon, Ceneci OIC general manager, said in an advisory on Thursday, February 17.
Ceneco implemented the last Wholesale Electricity Spot Market (WESM) power bill reduction adjustment in the January 2022 power rate amounting to P183.225M (P2.83/kWh), he said.
The WESM power bill reduction adjustments were the primary drivers in the decrease of power rates for the last three months (November 2021, December 2021 and January 2022), Taniongon added.*