The Board and Management of Central Negros Electric Cooperative, Inc. (CENECO) informs its electricity consumers that the residential rate for May 2013 billing is P10.16/kWhr from last month’s P8.90/kWhr. The P1.26/kWhr increase is attributed to the following factors:
* Increase in Generation System Charge of P1.0416/kWhr;
* Increase in Systems Loss Charge of P0.1382/kWhr;
* Increase in NPC Stranded Contract Cost of P0.1938/kWhr;
* Total Increase in EVAT Generation & Transmission of P0.0363/kWhr;
* Decrease in Transmission System Charge of P0.1114/kWhr;
* Decrease in Lifeline Rate Subsidy of P0.0211/kWhr; and
* Decrease in Mandatory Rate Reduction of P0.0101/kWhr.