3 NegOcc power coops reduce rates in March

3 NegOcc power coops reduce rates in March

BACOLOD CITY – All three electric cooperatives in Negros Occidental registered lower residential power rates in March due to a decrease in generation charge and other costs, based on separate advisories on Tuesday.

The Central Negros Electric Cooperative (Ceneco) announced a reduction of PHP0.0658 per kilowatt hour (kWh) – from PHP11.5696 in February to only PHP11.5038 this month.

In an advisory, Danny Pondevilla, acting general manager and project supervisor, said the power rate reduction can be attributed to the decrease in the fuel cost of Palm Concepcion Power Corp. (PCPC) and the price of the Wholesale Electricity Spot Market (WESM).

Pass-through charges were equivalent to PHP10.3172 per kWh of the total power rate, including generation and transmission costs as well as the Energy Regulatory Commission approved adjustments, government subsidies, and taxes.

“Only PHP1.1866 per kWh of the power rate goes to Ceneco through the distribution, supply and metering charges and reinvestment fund for sustainable capital expenditures for its administration and operational services,” Pondevilla said.

Ceneco serves the largest number of power consumers in the province, including those in the cities of Bacolod, Bago, Talisay, and Silay, and the municipalities of Murcia and Don Salvador Benedicto.

The Negros Occidental Electric Cooperative (Noceco), which caters to consumers in the south, reported a decrease of PHP0.4683 per kWh in the March billing.

Effective rate this month dropped to only PHP8.9242 from PHP9.3925 per kWh in February.

Noceco said in an advisory that the main driver of lower electricity rate this month is the PHP0.3781 per kWh decrease in the generation charge – from PHP4.7188 to PHP4.3407 – due to the reduction of PHP1.0785 per kWh in the current average price in the WESM.

There were also reductions in systems loss rate, transmission rate for residential customers, and value-added tax on transmission.

These offset the increases in the price of PCPC and Kepco Salcon Power Corp. and other rates.

The Northern Negros Electric Cooperative (Noneco) also announced a decrease of about PHP0.04 per kWh in March from the previous month’s rate of PHP10.3314 per kWh.

It reported lower price in WESM, from which Noneco purchases a portion of its power requirement. (PNA)

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