Central Negros Electric Cooperative, Inc. informs its electricity consumers that the average residential rate for the billing month of September 2022 is ₱15.6983/kWh, an increase of ₱0.2211/kwh, from last month’s rate of ₱15.4772/kwh.

The P0.2211/kWh rate hike can be attributed to the increase in generation, transmission and system loss charges. The increase was due to the error in the metering data of National Grid Corporation of the Philippines (NGCP) for the billing period of January 26 to February 25, 2022 hence corresponding adjustment was made which resulted to an increase in the Wholesale Electricity Spot Market (WESM) power cost.

 
The pass-through charges equivalent to P14.5117/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.

 
For every kWh consumed by residential consumers, roughly 10 to 14 percent of the total bill amount goes to CENECO. Thus, in monitoring the monthly electricity usage, consumers are advised to look at their kilowatt-hour consumption and not on the bill amount since it varies depending on the pass-through charges as shown above.

While the world market fuel prices remain volatile and may affect our electricity rates, CENECO Board and Management continue to remind the electricity consumers to conserve energy to avoid paying high electricity bills.

(Sgd.) ERVIN STAN LEO P. TICAR
Acting General Manager