Daily Star logoTop Stories

Bacolod City, Philippines Thursday, August 18, 2016
Front Page
Negros Oriental
Star Business
Star Life
People & Events


Power rates down

Power rates in the three electric cooperatives of Negros Occidental are down this month.

The power rates of Central Negros Electric Cooperative for August dropped by 72 centavos per kilowatt hour, Ceneco general manager Sulpicio Lagarde Jr. said yesterday.

Consumers residential rates decreased from P9.98/kWh in July to P9.26/kWh in August, Lagarde said, adding that the rate drop is attributed to the decrease in the generation charges due to the expiration of the contract between Ceneco and Filinvest Development Corp. Utilities Inc. last June.

Lagarde said Ceneco is now only buying power it needs unlike before when it used to buy power from FDCUI for 24 hours when its requirement is only for 13 hours.

The systems loss charge also registered a reduction from P12.37 to P11.52 covering the same period. The decrease in the systems loss has contributed to the cut in the power rates, he said.

He also said that before the contract between Ceneco and FDCUI expired, the coop only used half of the power it bought from the supplier and sold the rest to the market, and losses incurred in trading were passed on to the consumers.

At the hearing on the application of Electric Power Purchase Agreement between Ceneco and FDCUI in Bacolod City last June, Ceneco Regulatory Legal and Compliance Officer Irish Mae Vicera said that Ceneco did not over-contract power.

Vecera said there was a forecasted demand or power requirement of Ceneco so it has to look for suppliers. “Otherwise, there will be brownouts or we will be exposed to the volatility of Wholesale Electricity Spot Market,” she said.*CGS


Meanwhile, the Negros Occidental Electric Cooperative also announced that its electricity rates are down by P2.14 for August.

NOCECO general manager Jonas Discaya said their overall electricity rate for residential customers in August will be P7.7475 per kWh, a reduction of P2.1401 per kilowatt hour from the previous month's rate of P9.8876 per kWh.

This is the lowest electricity rate registered for this year, he said.

The main driver of the lower electricity rate this month is the P 1.9882 per kWh decrease in the generation charge, which moved down from P5.5501 to P3.5619 per kWh, he explained.

The reduction in rates was driven by lower generation charge from the Wholesale Electricity Spot Market (WESM) from which NOCECO obtained a portion of its power supply, he added.

Another factor that resulted in lower cost of electricity is the pre-commercial rate of power sourced from Palm Concepcion Power Corporation which started supplying NOCECO June 26, Discaya said.

The pre-commercial rate are lower by 49 percent compared to the commercial rate, he said. However, it is expected that PCPC's commercial rate will be applied on the next billing month at the commencement of its commercial operations later this month, he added..

The system loss charge also registered a reduction of P0.2782 per kWh, Discaya said.

However, the transmission charge and subsidy rates increased by P0.1128 per kWhr and P0.0136 per kWhr, respectively.

The Northern Negros Electric Cooperative rates for August will be out on Friday but a reduction is expected, Paul Almedilla, NONECO   corporate planning manager, said.*CPG



back to top

Front Page | Opinion | Negros Oriental | Business | Sports
Star Life | People & Events| Archives | Advertise
Top Stories
Button DAR denies guv's petition; Legal battle not over: PLO
Button Some pensioners get huge windfalls
Button CLO threatens criminal raps for failure to liquidate P10M
Button Jail visitor meted 20 years
Button CHO seeks P11.6M for fight vs. dengue
Button Power rates down
Button Another mayor, two VMs join exodus to PDP Laban