BAGUIO CITY – The Benguet Electric Cooperative (BENECO) continues to maintain its cheap power rates being charged to its member-consumer-owners (MCOs) following the decrease by P0.0619 per kilowatt-hour in its power rates for the October billing cycle compared to the previous monthly power bills.
The BENECO general manager attributed the latest decrease in the October power charge to the latest decision of the Energy Regulatory Commission (ERC) on the feed in tariff–allowance (FIT-ALL) rate application of the National Transmission Corporation (Transco).
The FIT-ALL is one of the government’s incentive program where renewable energy companies are paid at a guaranteed fixed price for the energy the same companies generate and contribute to the grid for a period of 20 years.
Further, the FIT-All is among the pass-on component of the power bill that private and public distribution utilities like BENECO collect from their MCOs and subsequently remitted to the government through the Transco.
Earlier, the ERC approved the new FIT-ALL rate at P0.0364/kwh which is much lower compared to the previous P0.0983.kwh.
Aside from the reduction in the FIT-All, the October power generation charge also decreased by P0.001/ kwh from the September charge of P5.7300/kwh to the current P5.7299/kwh.
BENECO’s October residential rate was computed to be P10.4277/kwh compared to September’s P10.4820/kwh or an increase of P0.0543/kwh.
However, BENECO’s October transmission charge of P0.8272/kwh is approximately P0.02224/kwh higher compared to the September transmission charge which was P0.8048/kwh while its current systems loss of P0.6916/kwh is also P0.0106/kwh higher compared to the previous rate of P06809/kwh.
The commercial low voltage rate of P9.7088/kwh in October is much lower compared to BENECO’s commercial power rates which was only P9.7523/kwh.
Moreover, BENECO’s industrial rate of P9.6754/kwh is P0.0455/kwh compared to last month’s P9.7210/kwh.
On the other hand, BENECO’s public building low voltages estimated at P9.6790/kwh compared to the September charge of P9.7245 is lower by P0.0455/kwh.
For streetlights, BENECO also realized a reduction in its October billing where the current charge of P9.7068/kwh is again lower that its previous charge of P9.7523/kwh
According to BENECO officers, commercial high-voltage rate in the city also significantly decreased with the current power rate at P8.1581/kwh compared to September’s P8.2397/kwh.
Lastly, public building high voltage rate in October also dropped where the current charge in October of P8.1303/kwh is P0.0817/kwh lower compared to last month’s P8.2119/kwh.
BENECO is one of the public distribution companies that is able to maintain its cheaper power rates being charged to its increasing number of MCOs because of the presence of a reliable power distribution system beneficial for an effective and efficient service to the consumers.