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Bacolod City, Philippines Thursday, July 21, 2016
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Three coops hike
power rates in July

Low power supply from the grid has caused a hike in the July power rates of the three electric cooperatives in Negros Occidental.

General manager Sulpicio Lagarde Jr. of the Central Negros Electric Cooperative yesterday said Ceneco's residential rate for July is P9.7649/kWh, an increase of P0.8587/kWh from last month's rate of P8.9062/kWh because of low power supply from the grid which caused power hikes in the Wholesale Electricity Spot Market.

No rthern Negros Electric Cooperative power rates for July have increased to P9.9768 per kWh from P9.0893 or an increase of P.08894, its corporate planning manager,   Paul Almedilla,  also said.

The Negros Occidental Electric Cooperative general manager Jonas Discaya said their rate for July is P9.8876 per kWh, an increase of P1.2293 per kilowatt hour from the previous month's rate of P8.6583 per kWh.

The main driver of the higher electricity rates this month is the P1.0581 per kWh increase in the generation charge, which moved from P4.4920 to P5.5501 per kWh, he said.

The increase was driven by higher generation charge from the WESM from which Noceco obtained a portion of its power supply, he said.*CPG



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