Ceneco rates down
75c in September
Central Negros Electric Cooperative announced yesterday that its residential rates for September will be P9.2653/kWh, a decrease of P0.7573/kWh from last month’s P10.0226/kWh.
Residential consumers with a monthly average energy consumption of 200 kilowatt-hours will benefit from a decrease of approximately P150 in their electricity bill for the month of September 2013, Ceneco general manager, Sulpicio Lagarde Jr. said in a press release.
The generation charges, the biggest contributory factor in the rate impact, decreased by P0.6437 or 10.51 percent as compared to the previous month due to the lower price in Wholesale Electricity Spot Market (WESM). Other contributory factors include decreases in Transmission Charges, System Loss Charges, Total VAT, Lifeline Rate Subsidy and Mandatory Rate Reduction, the press release said.