Central Negros Electric Cooperative power rates for February are down 23 centavos per kilowatt hour, and could further go down in March, its general manager Sulpicio Lagarde Jr., said yesterday.
He said there was an increase in power rates last month because KEPCO-Salcon Power Corp. that provides power to CENECO conducted preventive maintenance work that removed 80 megawatts of its production from the grid.
CENECO had to buy power through the Wholesale ElectricitySpot Market that was more expensive, he said.
With the supply from KEPCO having stabilized, CENECO no longer has to buy from WESM, he said.
Meanwhile, the Energy Regulatory Commission yesterday granted the state-run Power Sector Assets and Liabilities Management Corp. permission to collect over P53 billion worth of stranded contract costs.
This is equivalent to an increase of 19.38 centavos per kilowatt-hour, which will be collected under the universal charge for the stranded contract costs (UC-SCC) component of one’s power bill, it said.
But Lagarde said any such increase would mean an added rate increase of only about 3.5 to 4 centavos per kwh in the CENECO area.
That is because CENECO only purchases 18 percent of its power PSALM-National Power Corp, while 82 percent comes from KEPCO and Green Core, he said.*CPG