By Paulo Loreto Lim
The Central Negros Electric Cooperative, Inc. (Ceneco) recently revealed the residential rate for September 2017 is P10.0130 per kilowatt-hour (kWh), an increase of around 37¢/kWh from last month’s rate of P9.6447/kWh.
The utility co-op credited the increase to an increase in power purchased.
Last month, rates reduced by about 33¢/kWh, however, Ceneco would later announce an increase to the Feed-In Tariff Allowance (FIT-ALL), which they consider a “government assurance.” According to Ceneco, the accumulated funds are intended to serve as incentive for investors to develop more renewable energy.
The most recent rate was reported as P0.1830/kWh, up from the previous month’s P0.1240/kWh.
Following this most recent rise, the residential rate is above P10/kWh for the first time since May 2017, when it was P10.5062/kwh./WDJ