Tag: Electricity Rates
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Iloilo City Residents Benefit from Lower Electricity Costs Ahead of Dinagyang Festival
In Iloilo City, residential customers have been experiencing a decrease in electricity rates since December 2024, thanks to a stabilization in market prices. Roel Castro, the president and CEO of More Electric and Power Corporation, shared in a recent interview that the electricity rate for January saw a reduction of PHP0.46 centavos, setting the current…
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Benguet Electric Cooperative Announces Reduced Electricity Rates for January
Benguet Electric Cooperative (Beneco) has announced a reduction in electricity rates for its over 220,000 consumers in Baguio City this January. The cooperative has managed to lower its rates by approximately 25 centavos per kilowatt-hour, thanks to sourcing a portion of its power from the Wholesale Electricity Spot Market (WESM). Laarni Ilagan, from Beneco’s Community…
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Senator Villanueva Confident in Meralco Franchise Renewal Before Election Recess
MANILA – Senator Joel Villanueva voiced his confidence on Thursday that the Senate will approve the Meralco franchise renewal bill before the 19th Congress takes a break or possibly even sooner. Speaking at the regular Kapihan sa Senado media forum, Villanueva stated that by Monday, January 20, the interpellations, debates, and amendment period would be…
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Ilocos Norte Residents Celebrate Lower Electricity Costs This Holiday Season
In a festive development for Ilocos Norte, the local electric cooperative has announced a significant reduction in power rates just in time for the holiday season. The Ilocos Norte Electric Cooperative (INEC) has cut rates by PHP1 per kilowatt hour, bringing the cost down to PHP8.72 from PHP9.72 last month. This adjustment was shared by…
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Baguio and Benguet Residents to Enjoy Lower Electricity Bills in November
Residents of Baguio City and Benguet province are set to benefit from a reduction in their electricity bills this November, as announced by the Benguet Electric Cooperative (Beneco). The cooperative has confirmed a decrease of 40 centavos per kilowatt hour, bringing the rate down from PHP11.1373 per kWh in October to PHP10.7362 per kWh this…
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