Negros Occidental Electric Cooperative announced on Tuesday, May 13, that its electricity rates will drop by P3.58 per kilowatt-hour in May.
NOCECO said its electricity rate for May is P12.0262/kWh, which is P3.5842/kWh lower compared to April which was at P15.6104/kWh.
The primary driver of the decrease is the lower Generation Charge, from P8.6067/kWh in April to P6.2267/kWh in May or a reduction of P2.38/kWh.
“This favorable change is primarily attributed to a significant reduction in the cost of power sourced from the Wholesale Electricity Spot Market (WESM), which decreased by P3.8265/kWh, from P10.5620/kWh to P6.7355/kWh in May”, it said.
NOCECO also said that this decrease in rates reflects the fluctuations in the cost of power generation and transmission, and we will continue to monitor these factors to ensure the most cost-effective service for our Member-Consumer-Owners (MCOs).
The electric cooperative is urging their consumers to continue practicing energy conservation measures to further manage their electricity consumption and lower their monthly bills.*