• GILBERT P. BAYORAN
Negros Power announced on Thursday that its average residential electricity rates dropped by P0.66 per kilowatt hour (kWh) for the month of May.
The rate drop was triggered by the significant reduction of Wholesale Electricity Spot Market (WESM) price.
The average residential rate for the month is now at P11.6958 per kilowatt-hour (kWh), a decrease of P0.6605/kWh from the April rate of P12.3563/kWh.
Additionally, Negros Power said the Emergency Power Supply Agreement (EPSA) rate from Palm Concepcion Power Corporation (PCPC) also dropped by P 0.2085/kWh.
Transmission charges have also seen a favorable adjustment, it added.
The Power Delivery Service (PDS) charge dropped from P221.2450/kW to P218.4299/kW, translating to a P2.82/kW decrease. Additionally, Ancillary Services charges went down by P29.31/kW, resulting in an overall average reduction of P0.2265/kWh in transmission charges for residential customers.
The Negros Occidental Electric Cooperative also reported that its electricity rates will drop by P3.58 per kilowatt-hour in May.
NOCECO said its electricity rate for May is P12.0262/kWh, which is P3.5842/kWh lower compared to the April rate of P15.6104/kWh.*
