Iloilo City residents face P1.02/kWh increase in May electricity bills

SunStar Publishing Inc.

RESIDENT of Iloilo City served by More Power can expect a P1.02 per kilowatt-hour increase in their electricity bills for May 2024. This brings the effective residential rate to P11.3263/kWh, reflected on bills from May 18 to June 12, 2024. The rise in electricity costs is primarily driven by the increase in the average nodal prices of the Wholesale Electricity Spot Market , which jumped from P8.67/kWh to P11.85/kWh. An increase of P0.9392/kWh in generation.

This increase offsets the slight decrease in the transmission charge cost. The Distribution, System, and Metering charges, which are the only part of the electricity bill that directly benefits More Power, have not been adjusted. The transmission charge was reduced , but the cost was spread over higher energy consumption. The residential rates in Iloilo City increased not because of More Power charges , which remain steady, but because of generation , taxes , and system losses .

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