HEREโS a good news. The Bohol Light company, Inc, now owned-and-managed by Primelectric company of Razon group of companies and the Bohol Electric Cooperatives I & II, have announced the reduced power rates for October billing.
The end-consumers will experience the reduced power rate of P3.81/kilowatthour for the month, much lower than the September billing, it said.
This translates to P9.81/kwh for every kwh used from P13.62/kwh for every residential household. The commercial price tag is pegged at P9.54/kwh from P13.26/kwh.
The lower rate for power is a result of the reduced of power rates offered by Wholesale Electricity Spot Market (WESM). This affects the pricing of the low rates of Power Generation Cost.
The so-called Generation and Transmission charges against BLCI is considered as “pass-through” to the end-users billed by power generators and the National Grid Corporation of the Philippines (NGCP).
The proceeds of these Generation and Transmission charges are remitted to the power suppliers, including the NGCP.
And these (Generation and Transmission) are considered variable per month based on the purchase of raw materials for power generation plants every month. This results to an adjustment in pricing power rates.
The Distribution, Supply and Metering (DSM) charges amounting to P0.9840/kwh is said to be fixed and the only charge that BLCI may get. This DSM is used for administrative, operations and maintenance expenditures.
The charging of DSM against the end-consumers must be approved by the Energy Regulatory Commission (ERC) upon application.
Meanwhile, Bohol Electric Cooperative (Boheco II) announced that he power rates it charges for their end-users has also gone down for October billing.
The rates charged would be P11.99/kwh from P13.34/kwh. T said that this is the result of lower generation charges, it said.
Boheco I issued a statement posted on its facebook says: This monthโs effective rate for on-grid residential customers is โฑ๐ญ๐ฌ.๐ฏ๐ญ๐ฒ๐ต ๐ฝ๐ฒ๐ฟ ๐ธ๐ถ๐น๐ผ๐๐ฎ๐๐-๐ต๐ผ๐๐ฟ (๐ธ๐ช๐ต) (for residential customers), which is significantly lower by โฑ1.3523 compared to last monthโs โฑ11.6692 per kWh.
This reduction is mainly due to lower costs of electricity secured from BOHECO Iโs bilateral agreements through a Competitive Selection Process (CSP) and lower exposure to the Wholesale Electricity Spot Market (WESM).
It explains below the breakdown of electricity bill:
(1). ๐๐ฒ๐ป๐ฒ๐ฟ๐ฎ๐๐ถ๐ผ๐ป: โฑ๐ฑ.๐ฏ๐ณ๐ต๐ด (52%) goes to our power suppliers: Cebu Energy Development Corporation (CEDC) and Energy Development Corporation (EDC), WESM and Net Metering.
(2). ๐ง๐ฟ๐ฎ๐ป๐๐บ๐ถ๐๐๐ถ๐ผ๐ป: โฑ๐ญ.๐ฐ๐ฑ๐ฌ๐ฐ (14%) is paid to the National Grid Corporation of the Philippines (NGCP) for transporting electricity from power plants to our BOHECO I substations. While this charge remains relatively stable, it may change if NGCP adjusts its rates.
(3). ๐ฆ๐๐๐๐ฒ๐บ ๐๐ผ๐๐: โฑ๐ฌ.๐ฐ๐ฐ๐ฐ๐ญ (4%) accounts for the unavoidable energy losses that happen during the transmission of electricity. This is paid to our suppliers.
(4). ๐๐ถ๐๐๐ฟ๐ถ๐ฏ๐๐๐ถ๐ผ๐ป, ๐ฆ๐๐ฝ๐ฝ๐น๐, ๐ฎ๐ป๐ฑ ๐ ๐ฒ๐๐ฒ๐ฟ๐ถ๐ป๐ด (๐๐ฆ๐ ) ๐๐ต๐ฎ๐ฟ๐ด๐ฒ๐: โฑ๐ญ.๐ฒ๐ญ๐ฌ๐ต (16%) directly supports BOHECO Iโs operational efficiency in providing power to your homes, businesses and essential services. These charges are strictly regulated by the Energy Regulatory Commission (ERC) and have been remained unchanged since 2007. BOHECO I cannot change them without ERC approval.
(5). ๐ฅ๐ฒ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐๐๐ป๐ฑ ๐ณ๐ผ๐ฟ ๐ฆ๐๐๐๐ฎ๐ถ๐ป๐ฎ๐ฏ๐น๐ฒ ๐๐๐ฃ๐๐ซ (๐ฅ๐๐ฆ๐): โฑ๐ฌ.๐ฑ๐ฎ๐ฏ๐ฎ (5%) is collected by BOHECO I but specifically used for constructing substations and other critical infrastructures to ensure a reliable and stable power supply. This charge is also regulated by the ERC and BOHECO I cannot adjust it without the approval from the ERC.
(6). ๐ง๐ฎ๐ ๐ฒ๐: โฑ๐ฌ.๐ฑ๐ต๐ณ๐ฑ (6%) is the Value Added Tax (VAT) that goes directly to the government.
(7). ๐ฅ๐ฒ๐ด๐๐น๐ฎ๐๐ฒ๐ฑ ๐๐ต๐ฎ๐ฟ๐ด๐ฒ๐ ๐ฎ๐ป๐ฑ ๐ฆ๐๐ฏ๐๐ถ๐ฑ๐ถ๐ฒ๐: โฑ๐ฌ.๐ฏ๐ญ๐ญ๐ฌ (3%) are payments to government entities like PSALM and TransCo, along with subsidies for Lifeline Consumers and Senior Citizens.
For residents in island areas that are not connected to the main grid, your rate is โฑ10.9826 per kWh. (rvo)
