• GILBERT P. BAYORAN
In a move to ease financial burdens for Filipino households, Primelectric Holdings Inc. (PHI), through its distribution subsidiaries — Negros Power, MORE Power, and Bohol Light — announced electricity rate reductions for June 2025.
According to a statement from the company, More Power residential rate in Iloilo dropped by P0.61 per kilowatt hour, which means a household consuming 200 kWh per month saves about P122.
Negros Power rates reduced by P0.55/kWh, or P110 monthly savings for an average household, and P150 savings for Bohol Light- Tagbilaran City, with a drop of P0.75 per kilowatt.
In a statement, PHI primarily attributed the rate drops due to strategic energy trading at the Wholesale Electricity Spot Market (WESM) and lower transmission charges.
As a result, MORE Power, Negros Power, and Bohol Light now maintain the lowest residential power rates in their respective regions, it added.
“These rate reductions reflect our commitment to manage power supply strategically, optimize market opportunities, and pass the savings directly to our consumers,” said PHI president and CEO Roel Castro.
“We understand the economic pressures faced by households, especially during times like school enrollment season. Every peso saved on electricity is a peso that can go toward food, education, or essentials — and we are proud to help make that possible,” he added.
Castro added that the utilities will continue investing in upgrading of infrastructures, system loss reduction programs, and smart market participation, with a goal to keep power rates low and service quality high.*
