Iloilo power rates drop for 6th straight month
newscatcher
2023-06-09 04:32
Iloilo power rates drop for 6th straight month
ILOILO CITY—This city's lone electricity distributor on Wednesday announced yet another reduction in its electricity rates—a trend that started in January. According to More Electric and Power Corp. (More Power), power rates in the city had been cut by nearly P1 following the inclusion of geothermal sources in the power mix and a decline in spot electricity rates which reflect the current market cost. 'This is the sixth straight month that More Power is reducing its rates,' it said in a statement.

https://business.inquirer.net/404611/iloilo-power-rates-drop-for-6th-straight-month

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