Razon power utilities cut rates in June
Line men do rehabilitation works on the distribution lines of MORE Power in Iloilo in this undated photo. (Photo courtesy of MORE Power)
TAGBILARAN CITY – Primelectric Holdings Inc. (PHI), through its utilities Electric and Power Corp. (More Power), Negros Power and Bohol Light, has announced rate reductions for June 2025.
In this city of Bohol, residents will enjoy a 75-centavo-per-kilowatt-hour (kWh) reduction in their electricity bills. That means a typical home that uses 200 kWh will save around P150 this month.
In Iloilo City, More Power customers will see their rates drop by 61 centavos per kWh. This means an average reduction of P122 from a household’s monthly bill.
In Central Negros, Negros Power announced a 55-centavo per kWh cut. This lowers the residential rate to P11.14/kWh from last month’s P11.69/kWh.
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For a household consuming 200 kWh, that’s about P110 in savings.
PHI said that savings could mean extra cash for groceries, school supplies or a well-deserved treat.
The company said the reduction comes from a combination of factors. One is lower power generation costs at the Wholesale Electricity Spot Market. Another is decreased transmission charges, thanks to reduced rates for ancillary services and at the reserve market.
Utilities offer some of the lower rates in the Visayas
The three utilities now continue to offer some of the lowest electricity rates in their respective regions, according to PHI.
“These rate reductions are part of our continuing effort to proactively manage our power supply, seize opportunities in the energy market, and pass those savings on to the people we serve,” PHI president and CEO Roel Castro said in a statement.
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Castro added that More Power, Negros Power, and Bohol Light are also pushing ahead with efforts to keep rates down and service quality up. These include infrastructure improvements, system loss reduction programs and market participation strategies.
“At the end of the day, every peso saved on electricity is a peso that a family can spend on food, education, and other daily essentials — and we’re committed to helping make that happen,” Castro said.
/rwd
