
Electricity rates drop by more than P1 per kWh in central, southern Negros
Photo by Robert So on Pexels.comResidents of central and southern Negros Occidental will benefit from a substantial decrease in electricity rates this February.The average residential rate of the Negros Electric and Power Corp. dropped to ₱11.44 per kWh, down by ₱1.66 per kWh from January’s ₱13.10 per kWh.Consumers with an average monthly consumption of 200 kWh will save P322 of their budget for this month, a Negros Power statement said on Monday, Feb. 16.The major driver of this decrease is the sharp drop in generation costs, particularly from the Wholesale Electricity Spot Market (WESM), it said.WESM rates fell dramatically from ₱7.5031/kWh to ₱4.4872/kWh — a huge reduction of ₱3.0160/kWh — following the normalization and synchronization of power plants in the Visayas...









