Visayan Electric set to cut power rate anew
- Mar 17, 2023 11:14 am GMT
Good news to all the more than 440,000 power consumers of the
This latest power rate reduction marks the fourth consecutive month that the company has implemented a rate reduction, providing relief to its customers.
It can be recalled that the power distributor implemented a reduction of P0.05-centavo per kwh in their December to January billing, another P0.27-centavos per kwh in their January to February billing cycle and a decrease of P0.89 per kwh in their electricity bill for the month of February to March.
Bronce told The Freeman yesterday that as of
According to the
According to the electric utility firm, the reduced rate is due to the low price of coal in the world market, which has allowed them to lower their generation charges.
'This has resulted in a decrease in the overall cost of electricity, benefiting the customers of
However, despite the rate reduction, the company advises its customers to continue conserving electricity to avoid high bills, especially with the summer months approaching.
This company emphasized that energy conservation is crucial, particularly during peak hours, as it helps ease the demand for electricity and stabilize the overall supply.
'We are committed to providing our customers with reliable and affordable electricity. With the low price of coal in the world market, we are able to pass on the savings to our customers through this rate reduction. We encourage our customers to continue practicing energy conservation to help manage their electricity bills and ensure a stable supply of electricity,' said
Early this year, the
In the power industry, the
Red alerts, meanwhile, indicate that the supply-demand balance has further deteriorated and signals the possibility of rotational brownouts.
The company also encourages its customers to shift their high-energy activities to non-peak hours, such as early in the morning or late at night, to help ease the demand for electricity during peak hours.
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