Negros Occidental Electric Cooperative

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CENECO Bill: Another Residential Rate Increase For May

General Manager Sulpicio Lagarde, Jr. has sent notices to the consumers that for May 2014 billing, there will be an increase of P10.1442 per kilowatt hour, or a P0.2218 per kilowatt hour increase over the last month’s increase of P9.9224 per kilowatt hour only.

He said, the generation charges, which is the biggest contributory factor to the rate hike is due to higher capacity and monthly contracted energy with the Power Sector Asset and Liabilities Management (PSALM).