Iloilo City power rates down in December

Iloilo City Power Rates A Christmas Gift! MORE Electric's Rate Decrease Explained

As we approach the holiday season, Iloilo City residents and businesses can look forward to a festive surprise - lower electricity bills! MORE Electric and Power Corp. (MORE Power) has announced a decrease in its rate charges by P0.5081 per kilowatt-hour (kWh), effective this December.

Residential Rates A Welcome Decrease

For residential customers, the good news is that you'll be paying P11.3477 per kWh in December, down from P11.8558 per kWh last month. This decrease of P0.5081 per kWh is a welcome reduction indeed!

Commercial Rates Another Gift

Meanwhile, commercial consumers can expect to pay P10.6661 per kWh this December, a decrease from the previous rate of P11.1741 per kWh in November. This reduction of P0.5076 per kWh is significant and will benefit businesses in Iloilo City.

The Reason Behind the Rate Decrease

So, what's behind this jolly change? MORE Power cites two main factors lower electricity demand and improved supply margins, which have driven down the average Wholesale Electricity Spot Market (WESM) rate. Additionally, the company has restored disabled facilities, avoiding major disruptions despite momentary power plant outages during typhoons.

Transmission Charge A Key Factor

Another contributor to the rate decrease is the lower transmission charge at P1.7918 per kWh compared to P1.8612 per kWh last month. This reduction is due to the lower cost of regulated charges and ancillary services from the reserve market - a quiet but significant factor in the overall rate reduction.

System Loss Rate A Consistent Trend

MORE Power also notes a decrease in the system loss rate at P0.4086 per kWh from P0.4512 per kWh last month, thanks to lower generation and transmission costs. This consistent trend of cost savings is another reason why your electricity bill will be lower this December.

No Changes in Distribution, Supply, and Metering

It's worth noting that there are no changes to the distribution, supply, and metering rate charges for MORE Power customers. The company remains committed to providing reliable and efficient power services to Iloilo City and its surrounding municipalities.

A Brighter Future Ahead

As we look ahead to 2025 and beyond, it's heartening to see a proactive approach to reducing electricity rates. This development is a beacon of hope for businesses and residents in Iloilo City, indicating that the industry is adapting to changing market conditions and prioritizing customer satisfaction.

Conclusion A Welcome Change

In conclusion, MORE Power's rate decrease is a welcome change for Iloilo City residents and businesses. The reduction in rates is a result of improved supply margins, lower electricity demand, and decreased transmission charges. This development demonstrates the company's commitment to providing reliable and efficient power services while prioritizing customer satisfaction.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.