The Central Negros Electric Cooperative Inc. (Ceneco) announced Friday, July 15, that its residential rate for July has increased by P2.0710 per kilowatt hour, from last month’s rate of P12.1171/kWh to P14.1881/kWh.
Ervin Stan Leo Ticar, acting general manager, said the hike can be attributed to the increase in generation, transmission and system loss charges caused by the surge in PCPC fuel rate from P6.4963 to P8.0841, increase in power cost and other pass through charges.
The pass-through charges equivalent to P13.0015/kWh of the total power rate include the Generation and Transmission charges, Energy Regulatory Commission-approved adjustments, government subsidies and taxes.
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 rate has not increased, he added.
For every kWh consumed by residential consumers, roughly 10 to 14 percent of the total bill goes to Ceneco, he said. “In monitoring the monthly electricity usage, consumers are advised to look at their kilowatt-hour consumption and not the bill amount since it varies depending on the pass-through charges,” he said.
While the world market fuel prices remain volatile and may affect the electricity rates, the Ceneco Board and Management continue to remind its electricity consumers to conserve energy to avoid paying high electricity bills.*