CENECO announces that the average residential electricity rate for July 2024 increased to 𝗣𝟭𝟯.𝟯𝟰𝟱𝟳/𝗸𝗪𝗵 from last month’s rate of P12.7632/kWh.
The rate hike of P0.5825/kWh is mainly attributed to the increase in total Generation Charge which went up by 6.67% as compared to previous month due the rise in the Wholesale Electricity Spot Market (WESM) price from P8.8040/kWh to P10.4293/kWh or an upward adjustment of P1.6253/kWh.
See attached comparative table of the unbundled residential rates for the billing months of July and June 2024.
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