Residential electricity rates down by P0.37/kWh for Feb-March billing

Residential electricity rates down by P0.37/kWh for Feb-March billing
Photo from Visayan Electric

AFTER an increase in the last billing cycle, residential consumers of Visayan Electric may enjoy a lower bill for their February-March electricity bill.

This, after the Visayan Electric announced on Wednesday, Feb. 14, 2024, a decrease in the cost of electricity by P0.37 per Kilowatt hour (kWh), bringing the total rate to P11.25/kWh compared to the last billing cycle in the January-February period, which was P11.62/kWh.

The distribution utility attributed the decrease to the lower generation rates in the Wholesale Electricity Spot Market (WESM) and the reduced transmission charges from the National Grid Corp. of the Philippines (NGCP).

An average household with a consumption of 200 kWh can enjoy a minimum savings of P74 on their upcoming bill, Visayan Electric said in its press release.

In the last January-February billing cycle, the distribution utility imposed a P0.19/kWh increase due to the increase in generation rates at the WESM and the transmission charges of NGCP.

In the December-January billing cycle, the rate was P11.43/kWh.

In a year-to-year comparison, the February-March cycle will be the lowest total rate at P11.25/kWh compared to the P15.19/kWh rate in the February-March 2023 billing cycle.

The Visayan Electric said this excludes the P3.0002/kWh one-time refund that the Visayan Electric imposed on the August-September billing cycles, bringing the total rate to P9.37/kWh.

Despite the decrease, Visayan Electric reminded consumers to start preparing for the dry season, considering that electricity rates and consumption usually surge during the dry season due to increased use of cooling appliances.

“Given the unpredictable nature of our weather, it’s crucial to begin our preparations for the dry season, as Pagasa could announce its arrival in the coming months,” engineer Raul Lucero, president and chief operating officer of Visayan Electric, said on Wednesday.

SunStar Cebu reported on Feb. 12 that the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) clarified that the cool season is not yet over, as the northeast monsoon, locally known as amihan, has returned in full force, bringing cold winds from mainland China and the Siberian region to Cebu.

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