NegOcc electric coop announces looming power rate increase

NEGROS. Electric consumers of Central Negros Electric Cooperative should brace for a looming power rate hike this month amid the higher prices of petroleum products. (James Charles Jamili Photo)

NEGROS. Electric customers of Central Negros Electric Cooperative ought to brace for a looming power rate hike this month amid the upper costs of petroleum merchandise. (James Charles Jamili Photograph)

THE Central Negros Electric Cooperative (Ceneco), which caters to the biggest variety of electric customers within the province, has introduced a looming power rate increase this month.

The power distribution utility, in an advisory Wednesday, April 6, stated that because of the gasoline value hike on this planet market since March, an increase in electrical energy charges for the billing month of April 2022 is anticipated.

Ceneco customers in cities Bacolod, Bago, Talisay and Silay, and cities of Murcia and Don Salvador Benedicto are suggested to preserve vitality to keep away from paying excessive electrical energy payments.

Ceneco Member-Client Built-in Companies Division (MCISD) Chief Unice Pasaylo-Castillon stated customers are additionally reminded that each sixteenth of the month is the beginning of their meter studying interval.

The precise quantity of anticipated increase could be decided by that point, Pasaylo-Castillon stated.

“On the 14th of the month, the Wholesale Electricity Spot Market (Wesm) will give us the billing so the rates would be determined on the 16th,” she stated.

Apart from the gasoline value hike on this planet market, the MCISD head additionally defined that the looming power rate increase can be because of the upkeep works of Palm Concepcion Power Corp. (PCPC).

The upkeep works have induced the plant to implement emergency shutdown so Ceneco sourced power provide from Wesm, Pasaylo-Castillon stated, including that many of the power sources below spot market are diesel-powered crops.

Ceneco has a power contract with PCPC for its baseload.

In March, the utility’s residential rate was P10.9210 per kilowatt hour.


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