Power rate up by 37 percent for July-August

Veco News

Power rate up by 37 percent for July-August
Veco Power RatesElectricity RatesVisayan Electric
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RESIDENTIAL power rates in Cebu are set to increase by up to 37 percent for the July-August billing period. Visayan Electric said in a Facebook advisory on Wednesday, July 17, 2024, that from the P9.71 in June, the power rate will increase to P13.27 per kilowatt-hour in July.Customers consuming at least 200 kWh per month will see an additional charge of P712 on their next bill.

The Energy Regulatory Commission issued Order 2024-01MC, allowing power purchases to be paid over four months. For June, the first installment of May's payments was collected, resulting in a lower rate of P9.71 per kWh.However, with the second installment added for the July-August billing period, approximately P0.90 was added to the rate, increasing the average residential charge to P13.27 per kWh.

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