Industry participants reduced the price of liquefied petroleum gas (LPG) for July by a small…
Reduced electricity prices in NegOcc for January
According to data released on Wednesday, the average home electricity rates in northern and southern Negros Occidental have decreased for January due to a fall in generation costs.
Both the Northern Negros Electric Cooperative (Noneco) and Negros Occidental Electric Cooperative (Noceco) have informed their consumer members of the rate reductions in separate advisories.
An electricity tariff of PHP16.4786 per kilowatt hour (kWh) was reported in the south by Kabankalan City-based Noceco in January, down PHP0.9587 from the previous month’s figure of PHP17.4373 per kWh.
According to the management’s recommendation, the entire generation charge was decreased by PHP0.7784 per kWh, which is what caused the overall electricity rates to decline.
The drop in Palm Concepcion Power Corp.’s (PCPC) rate of PHP1.570 per kWh, Noceco’s power source, was cited as the key reason for the fall in generating fee, it was stated.
It further stated that the calculation of the pricing passed on to Noceco by the power supplier was influenced by the strengthening of the Philippine peso against the US dollar.
While this was going on, Noneco, whose headquarters are in Manapla town, reported that its household electricity rate for January reduced from PHP16.8076 per kWh in December to merely PHP15.6043.
According to the administration, this is a result of the generation rate dropping from PHP10.1205 to only PHP9.0225 per kWh.
The power rate also decreased as a result of lower fuel costs and PCPC and Panay Energy Development Corp.’s fuel discounts, it was said.
Prior to this, the Central Negros Electric Cooperative, which serves the towns of Don Salvador Benedicto and Murcia as well as the cities of Bacolod, Bago, Silay, and Talisay, also reported a decrease of PHP1.0949 per kWh in its residential electricity rate for January as a result of lower generation costs and other expenses.
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