SunStar Publishing Inc.
RESIDENTIAL consumers of Visayan Electric can look forward to a rate reduction of ₱0.71/kWh, bringing the total rate to ₱12.56/kWh for the August-September billing cycle. For a household consuming 200kWh per month, this translates to a savings of approximately ₱142 on their upcoming bill.The reduction is primarily due to a decrease in electricity prices in the Wholesale Electricity Spot Market , which has helped lower generation costs.
The ERC implemented this measure to ease the financial burden on consumers following a spike in electricity rates in May, triggered by red and yellow alerts in the power grid.Visayan Electric President and COO, Raul Lucero, encouraged consumers to continue monitoring their electricity usage, noting that the staggered payments will impact bills until September.
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