RESIDENTIAL consumers of Visayan Electric can anticipate an increase in billing for the next four months amid a decrease in residential power rates during the June to July billing.Quennie Bronce, reputation enhancement head of Visayan Electric, during SunStar Cebu’s online news and commentary program “Beyond the Headlines” on Tuesday, June 18, 2024, said residential consumers can expect a decrease of P2.43 per kilowatt hour of residential power rates this June.
Bronce said that based on the previous months, the residential billing for May-June increased and became P12.14 per kWh because of the red alert.She added that when there is a red alert, the price of power at Wholesale Electricity Spot Market goes up.However, the Energy Regulatory Commission last June 13 approved that the payments of distribution utilities, such as Visayan Electric, to the WESM, could be made in installments over four months from June to September.