ANNOUNCEMENTS
CENECO DECEMBER RESIDENTIAL RATE DOWN BY P0.9754/kWh
Central Negros Electric Cooperative, Inc. informs its electricity consumers that the average residential rate for the billing month of December 2023 is Php10.7694/kWh, a decrease of P0.9754/kWh, from last month’s rate of P11.7448/kWh.
The P0.9754/kWh rate reduction is attributed to the decrease in total generation charges by 10.82% as compared to previous month due to the drop in Wholesale Electricity Spot Market (WESM) price from Php7.8781/kWh to Php6.3205/kWh or a downward adjustment of Php1.5577/kWh.
The pass-through charges equivalent to P9.5828/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 for its administrative and operational services, and Reinvestment Fund for Sustainable CAPEX (RFSC).
Since 2010, CENECO’s DSM and RFSC rate has not changed.
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.
The CENECO Board and Management continue to remind its electricity consumers to conserve energy to avoid paying high electricity bills.
(SGD.) ATTY. ARNEL L. LAPORE
Acting General Manager
**See Press Release for the comparative table of the unbundled residential rates for the billing months of December and November 2023
