UA&P study: MORE Power spurred Iloilo City’s economic growth

Iloilo City—A study by the University of Asia and the Pacific showed the substantial impact of MORE Electric and Power Corp.’s strategic investments and operational improvements on the local economy from 2020 to 2022.

The company’s proactive governance measures also curtailed system losses, aligning them closely with the Energy Regulatory Commission’s system loss charges cap. “We could see that, on average, what is ejected in the economy of Iloilo is close to P5 billion or almost 4 percent of the economy of the city of Iloilo. That’s quite significant. There you could see that this increase will translate to the benefit of the city of Iloilo,” Padojinog said.

He said the reduction in system losses also directly benefited consumers, providing them with extra income. As a result, consumers injected P1.01 million into the economy through additional consumption spending in 2022.

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