Reasons of Decrease in rates for the Month of March 2021
The main driver of the lower electricity rates this month is the Php 0.3781 per kWh decrease in the generation charge, which moved from Php 4.7188to Php 4.3407 per kWhr.
The decrease in generation charge is due to the reduction of Php 1.0785 per kWhr from Wholesale Electricity Spot Market (the current average price of WESM is Php 2.5711 per kWhr compared to its previous month cost of Php 3.6496 per kWhr).
Other factors that contributed to the overall reduction in rates are the following:
The overall rate decreased despite the increase of the following:
NOCECO’s distribution, supply and metering charges remain unchanged despite the reduction in the overall electricity rate for this month.
Member-Consumer-Owners (MCOs) are advised to conserve energy and to be aware of their energy consumption to avoid paying high electricity bill despite the decrease in the overall electricity rates. Please note that the Generation and Transmission rates are pass-on charges paid to the respective power suppliers and National Grid Corporation of the Philippines (NGCP). Thus, the collected amounts on these charges are not retained by NOCECO.
(SGD.) JONAS F. DISCAYA
General Manager
Ang BIR ukon Bureau of Internal Revenue ang sa karon nagamando sa NOCECO nga para mapadayon ang “Tax Exemption ”, dapat ang tanan nga miembro ukon manug pamiembro pa lang...
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