The Northern Negros Electric Cooperative announced on Friday, March 21, a 67-centavo per kilowatt-hour decrease in its electricity rates for March.
NONECO said that their March electricity rate is P13.5982/kWh, which is P0.6707/kWh lower than February’s P14.2689/kWh.
The cooperative attributed the decrease to the drop in the Ancillary Service Charge from the National Grid Corporation of the Philippines of about P0.4875.
Foreign exchange rates fluctuation and the fuel cost of the power suppliers were also factors in the decrease of the rates from the Wholesale Electric Spot Market of about P0.0797/kWh, .
Negros Electric and Power Corporation earlier announced a 67-centavo per kilowatt-hour decrease in its electricity rates for March.
Negros Power said that its current electricity rate is P11.4766/kWh, which is 0.6711/kWh lower compared to February’s P12.1477/kWh.
The Negros Occidental Electric Cooperative also announced a 60-centavo decrease per kilowatt-hour in its electricity rates at P13.9595/kWh, about P0.6030 lower compared to P14.5625/kWh last month.*