BACOLOD City – Central Negros Electric Cooperative’s (Ceneco) power rate for this month dropped by P1.771 per kilowatt hour (kwh).
The average billing now is P7.5990 – down from December 2021’s P8.7761.
Jose Taniongon, officer-in-charge of the office of the General Manager of Ceneco, said the implementation of the August 2021 Wholesale Electricity Spot Market (WESM) power bill reduction amounting to P183.225 million net of value added tax was due to Energy Regulatory Commission’s (ERC) letter dated Sept. 20, 2021.
The goal was “to mitigate the impact of the outage of Cebu-Negros submarine cable…”
Last year for the billing months of July and August, Ceneco consumers suffered increases in their electricity bills due to spikes in the WESM which reached P32/kwh.
“The spike was due to the persisting consequence causing Negros Island to experience the two major impacts: rotating blackouts because of the damaged National Grid Corporation of the Philippines(NGCP) Negros-Cebu submarine cable in Negros Oriental, which resulted the Manual Load Dropping (MLD) instructions during peak hours; and escalating WESM prices,” the Ceneco official said.
The other reasons for the rate reduction, according to Taniongon, were decreased generation, transmission and system loss charges./PN
