ILOILO CITY — MORE Electric and Power Corporation is passing on relief to Ilonggo consumers with a reduction in electricity rates for May, despite upward pressure on global commodity prices stemming from the ongoing crisis in the Middle East. The residential rate for May is ₱11.8710 per kWh, down from ₱12.14 per kWh in April. The commercial rate falls to ₱11.00 per kWh from ₱11.27 last month. The movement in retail rates is primarily attributed to a lower transmission charge, which declined to ₱0.26/kWh versus the previous month. The system loss charge was also trimmed by ₱0.027/kWh, reflecting the transmission adjustment; overall system loss improved from 5.37% to 5.20%. On the other hand, the generation charge rose by ₱0.05/kWh due to higher coal prices and increased freight costs associated with imports. Inflation (CPI) and foreign exchange fluctuations also pushed generation costs upward. Prices in the Wholesale Electricity Spot Market likewise climbed to ₱4.47/kWh. Despite the upt...
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