SunStar Publishing Inc.
RESIDENTS within Visayan Electric Company’s service area can expect lower electricity bills for the October-November billing period, as the utility provider has announced a significant P2.36 per kilowatt-hour reduction in residential rates.What to expectWith this rate decrease, the total residential rate will drop from P13.52 per kWh in the previous billing cycle to P11.16 per kWh. For households that consume around 200 kWh per month, this change translates to savings of roughly P472.
To avoid a sudden rate increase for customers, the Energy Regulatory Commission allowed utilities to spread out these higher costs over four months, from June to September. With the conclusion of this staggered payment plan, a charge of 92 centavos per kWh that had been temporarily added to bills is now removed.Previous rate changesThis latest decrease comes after a few months of fluctuating electricity prices:In July-August 2024, rates jumped by P3.56 per kWh, bringing the total to P13.
Electricity Electricity Rates Power Rates Cebu Power Rates Power Rate Decrease
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