By Dolly Yasa
BACOLOD City – The Central Negros Electric Cooperative, Inc. (Ceneco) informed its electricity consumers that the average residential rate for the billing month of December 2022 is Php16.2006/kwh, a decrease of P0.0966/kWh from last month’s rate of P16.2972/kWh.
The rate decrease is attributed to the following:
-Total net reduction in Generation Charges by 1.19% due to a decrease in Ceneco’s power supplier price as well as a decrease in fuel cost; and
-Decrease in rate of other pass-through charges such as Lifeline & Senior Citizen Subsidies, GRAM ICERA Adjustment and VAT.
In a statement, acting Ceneco general manager Atty. Vic Alvaro pointed out that the pass-through charges equivalent to P15.0140/kWh of the total power rate include the Generation and Transmission charges, Energy Regulatory Commission (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 rates have not increased.
In monitoring the monthly electricity usage, consumers are advised to look at their kilowatt-hour consumption also and not at the bill amount only since it varies depending on the pass-through charges as shown above.
While the world market fuel prices remain volatile, hence adversely affecting electricity rates, Ceneco Board and Management continue to remind its electricity consumers to conserve energy to avoid paying high electricity bills.