Power rates drop

The average residential electricity rate of Central Negros Electric Cooperative for May is P11.1401/kWh, a decrease of P0.2917/kWh, from last month’s rate of P11.4318/kWh, Ceneco acting general manager Ervin Stan Leo Ticar said Monday, May 16.

The P0.2917/kWh rate decrease is attributed to the net reduction in generation, transmission and system loss charges, as well as other pass-through charges, he said.

The pass-through charges equivalent to P9.9535/kWh of the total power rate include the Generation and Transmission charges, ERC-approved adjustments, government subsidies and taxes, he added.

Only P1.1866/kWh of the power rate goes to CENECO through Distribution, Supply, Metering (DSM) Charges and Reinvestment Fund for Sustainable CAPEX (RFSC) for its administrative and operational services, Ticar said.

Since 2010, CENECO’s DSM and RFSC rates have not increased, he added.

Ticar said while the world market fuel prices remain volatile and may affect electricity rates, consumers are reminded to continue to conserve energy to avoid paying high electricity bi

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