Residential electricity rates up by P0.86/kWh for May-June billing

RESIDENTIAL customers of Visayan Electric will experience an increase of P0.86/kWh in their May-June electricity billing. The increase is attributed to high generation rates due to price hikes in the Wholesale Electricity Spot Market in April brought about by power supply concerns in the Visayas Grid.As a result, the overall residential electricity rate will climb from P11.28/kWh last month to P12.14/kWh this month.

This, while different areas in the Visayas experienced unprecedented extreme heat that increased the demand for electricity.Once red alerts are issued due to power supply concerns, diesel power plants, which are more expensive to operate compared to coal power plants, would usually be asked to supply power to meet grid requirements, causing high power prices in WESM.To prevent such occurrences in the future, no less that President Ferdinand Marcos, Jr.

VECO Visayan Electric Co. Cebu Electricity Rates May

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