The residential rates of Negros Occidental Electric Cooperative have decreased by 5.89 percent in August.
Jonas Discaya, Noceco general manager, said the rates for this month decreased by P0.5395, from July’s billing of P9.1617 per kilowatt hour (kWh) to P8.6222 per kWh.
The main drivers of the lower electricity rates this month were the P0.4841 per kWh decrease in the generation charge, from P4.6042 to P4.1201 per kWh, reduction of P1.1538 per kWh from the Wholesale Electricity Spot Market, the P0.0147 per kWh drop in the Power Supply Agreement with Palm Concepcion Power Corporation, and the P0.1627 per kWh decrease in the PSA with KEPCO SPC Power Corporation, he said.
Other factors that contributed to the overall reduction in rates were the P0.0424 per kWh decrease in the value-added tax in the generation rate and the P0.1095 per kWh drop in system loss rate, he added.
Moreover, he noted that there was an increase in the transmission rate of residential customers, VAT in the transmission rate, and subsidy rate.
Noceco’s distribution, supply, and metering charges remain unchanged despite the reduction in the overall electricity rates for this month, he added.
Member-consumers are advised to conserve energy and to be aware of their energy consumption to avoid paying high electricity bills, he added.
He added that the generation and transmission rates are pass-on charges paid to the respective power suppliers and the National Grid Corporation of the Philippines, meaning, the collected amounts on these charges are not retained by Noceco.
The power coop serves consumers in the south, from Pulupandan to Hinoba-an.
Meanwhile, the Central Negros Electric Cooperative and Northern Negros Electric Cooperative have yet to announce their power rates for this month.*
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