ILOILO City – In a welcome development for Ilonggo households, especially as families prepare for the opening of classes, MORE Electric and Power Corporation (MORE Power) announced another significant reduction in electricity rates this June.
Residential consumers in Iloilo City will see a 61-centavo per kilowatt-hour (kWh) drop in their electricity bills, bringing the rate down to ₱10.52 per kWh from ₱11.12 per kWh in May.
This translates to ₱122 in savings for an average household consuming 200 kWh per month — timely financial relief for families facing additional expenses for school supplies, uniforms, and other educational needs.
“This reduction is a big help for ordinary families, especially now that classes are about to start. Every peso saved on electric bills can be redirected to support their children’s schooling,” MORE Power president and chief executive officer Roel Castro said.
This June’s commercial rate is only P9.84/kWh from P10.45 last May.
The rate cut was primarily driven by a ₱0.40 per kWh reduction in generation charges, thanks to the lower average price in the Wholesale Electricity Spot Market (WESM), which dropped from ₱4.45 per kWh to ₱3.70 per kWh due to improved power supply in the grid.
In addition, the transmission charge decreased by ₱0.0939 per kWh, mainly due to lower Ancillary Services – Reserve Market (AS-RM) costs.
The company also recorded a very low system loss of 5.73%, contributing further to the overall reduction.
MORE Power reaffirmed its commitment to tirelessly monitor generation mix prices and secure the most affordable and reliable power supply for Iloilo City consumers.
“We understand the financial pressures that come with the start of the school year, and we want to do our part in helping Ilonggo families. By consistently sourcing power at the lowest available rates and optimizing our operations, we aim to keep delivering these savings directly to our consumers,” Castro added.
This marks yet another month of proactive efforts by the city’s distribution utility to alleviate the burden of high electricity costs, reflecting both operational excellence and genuine concern for the welfare of Iloilo City residents./PN
