BACOLOD CITY, Aug. 25 (PNA) — The Central Negros Electric Cooperative (CENECO) on Tuesday increased electricity rate by Php0.2051 per kilowatt hour for the August 2015 billing to its residential consumers.
In a press statement, CENECO general manager Chuchie Destriza said the residential rate for this month’s billing is Php10.5416 per kWh from last month’s Php10.3365 per kWh.
Destriza said that although there was a slight decrease in the generation charge of Php0.004 per kWh, the same was offset by the upward adjustment in transmission system charge, particularly the ancillary charges with an increase of 17.85 percent compared to July.
The transmission system charge contributed Php0.0869 to the total increase in the rate. In addition, the increase in value added tax (VAT) also accounts Php 0.0811 of the rate hike.
Meanwhile, the Negros Occidental Electric Cooperative (NOCECO) in southern Negros reported a reduction in its residential power rate for August.
NOCECO general manager Jonas Discaya said electricity rate for August is Php10.0254 per kWh. This is lower by Ph0.9262 per kWh from the previous month’s rate of Ph10.9516 per kWh.
Discaya said the reduction in electricity rate could be attributed to the decrease of Php 1.0902 per kWh in the generation charge. The system loss charge also registered a reduction of Php0.1173 per kWh.
However, the transmission charge increased by Php0.2537 per kWh along with other subsidy rates such as lifeline and senior citizen amounting to Php0.0276 per kWh.
The decrease was also driven by lower charges from the Wholesale Electricity Spot Market (WESM) from which the electric cooperative obtained a portion of its power supply.(PNA)