Central Negros Electric Cooperative, Inc. informs its electricity consumers that the average residential rate for the billing month of October 2022 is Php15.4337/kwh, a decrease of P0.2648/kWh, from last month’s rate of P15.6985/kWh.

The P0.2648/kWh rate decrease is attributed to the net reduction in generation, transmission and system loss charges due to the availment of fuel discount from one of CENECO’s power supplier as well as decrease in FIT-All rate, Lifeline & Senior Citizen Subsidies, GRAM ICERA adjustment and VAT.

 
The pass-through charges equivalent to P14.2471/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 since it varies depending on the pass-through charges as shown above.

While the world market fuel prices continue to increase, 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.) ERVIN STAN LEO P. TICAR
Acting General Manager