Electricity rates up by P0.53 for November

will see an increase of P0.53 per kilowatt hour in their bills for November-December due to high generation rates.

Customers of Visayan Electric will see an increase of P0.53 per kilowatt hour in their bills for November-December due to high generation rates. The price of power in the Wholesale Electricity Spot Market may have slightly decreased, Lucero added, but this cannot significantly bring down the overall price of electricity.

Among the components of an electricity bill, generation and transmission charges account for at least 68 percent of the total electricity cost while government taxes and other charges comprise 13 percent. Generation, transmission, government taxes, and other charges are pass- through charges that are paid to the power suppliers and the government.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Review of supply contracts to lead to lower electricity rates, says ERCHoping to alleviate the burden of consumers and bring down power rates, the Energy Regulatory Commission is scrutinizing the supply agreements entered into by electric cooperatives nationwide.
Source: inquirerdotnet - 🏆 3. / 86 Read more »