Ceneco rates down

Posted by watchmen
May 22, 2019
Posted in HEADLINE

By Paulo Loreto Lim

The Central Negros Electric Cooperative Inc. (Ceneco) yesterday revealed residential rates for May 2019 will see a 7¢ drop from last month, falling from P11.1044 per kilowatt-hour (kWh) to P11.0280/kWh.
According to a statement from the utility co-op, around 72.7 percent of the charges originated from power rate costs, which include generation charges, transmission charges, and system loss, at a rate of P8.0139/kWh.
In addition, another 10.76 percent went to expenses, such as the Ceneco distribution, supply, metering, and reinvestment fund, as 1.1866/kWh.
Earlier this year, Ceneco Regulatory Compliance Office officer-in-charge Norman Pollentes said, if the Energy Regulatory Commission (ERC) approves a petition by the Philippine Rural Electric Cooperatives Association Inc. (Philreca) allowing for real property taxes (RPT) to be passed onto member-consumers, rates could see a one to two centavo bump.
According to Philreca’s petition, passing on RPT expenses onto member-consumers is “just and equitable,” likening it to local business and franchise taxes.
Based on a statement by former Ceneco President Arnel Lapore, in 2016, it was estimated the Bacolod City government was expected to collect around P90 million in RPT from Ceneco./PLL, WDJ

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