
Negros Power to stagger July rate hike over 6 months to cushion impact on consumers
The Visayas Power Forum participants on Monday*There will be another increase in electricity rates for July, but Negros Electric and Power Corp. aims to cushion its impact on consumers by spreading its payment over a six-month period.The expected hike this month is P1.70 per kWh but with the permission of the Energy Regulatory Commission to spread payment over six months, they will be able to charge an increase of only 20 centavos in July, Neil Parcon, vice president for Corporate Energy Sourcing and Regulatory Affairs of Primelectric Holdings Inc., said.So, from a residential rate of P13.84/kWh in June, the amount will increase to P14.04, he said at the Visayas Power Forum on grid reliability and the electricity price outlook hel...









