Tag: Wholesale Electricity Spot Market

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…