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IN A move to ease the burden of high electricity bills, More Power is implementing a lower rate for the June 2024 billing month.This follows the Energy Regulatory Commission's Order dated June 13, 2024 , which directs distribution utilities to defer a portion of the Wholesale Electricity Spot Market charges.ERC approves a 4-month staggered collection and payment plan for DUs' WESM purchases to mitigate the impact of high generation costs on consumers.
7749/kWh, a significant decrease compared to the previously expected rate.Residential 2024 rates:* January - P10.3280/kWh* February - P9.9652/kWh* March - P10.0316/kWh* April - P10.3062/kWh* May - P11.3263/kWhThe lower rate will be automatically applied to bills received between June 18, 2024, and July 12, 2024.Customers no longer need to visit More Power offices to request this adjustment.
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