Central Negros Electric Cooperative, Inc. informs its electricity consumers that the average residential rate for the billing month of January 2023 is Php15.1057/kwh, a decrease of P1.0949/kWh, from last month’s rate of P16.2006/kWh.

The P1.0949/kWh rate decrease is attributed to the following:

◼ Total net reduction in Generation Charges by 9.31% due to downward adjustment of around P1.2415/kWh in average Wholesale Electricity Spot Market (WESM) price from P10.1146/kWh to P8.8731 as well as decrease in fuel cost due to one-time Palm Concepcion Power Corporation (PCPC) fuel discount of P0.27/kWh for December 2022 billing of 35MW PSA.

 
◼ WESM power bill adjustment amounting to P42M or rate reduction of around P0.56/kWh due to changes in Metered Quantity (MQ) for April 26, 2022 to May 25, 2022.

◼ Suspension of the collection of FIT-ALL rate of P0.0364 as per ERC Res. 12 Series of 2022.

 
◼ Decrease in rate of other pass-through charges such as Lifeline & Senior Citizen Subsidies and VAT.

The pass-through charges equivalent to P13.9191/kWh of the total power rate include the Generation and Transmission charges, ERC-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.

 
Since 2010, CENECO’s DSM and RFSC rate has not increased.

 
In monitoring the monthly electricity usage, consumers are advised to look at their kilowatt-hour consumption and not on the bill amount only since it varies depending on the pass-through charges as shown above.

While the world market fuel prices remain volatile, hence adversely affecting electricity rates, CENECO Board and Management continue to remind its electricity consumers to conserve energy to avoid paying high electricity bills.

(Sgd.) ATTY. VIC P. ALVARO
NEA PS/Acting General Manager