Electricity rates up for September –Ceneco First time above P10/kWh since May

Posted by watchmen
September 30, 2017

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

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