Iloilo City residential consumers under MORE Power will only be charged P8.7749 per kilowatt-hour this June 2024 billing due to deferment of Wholesale Electricity Spot Market (WESM) portion of the generation charge.
In a statement sent to the media, the distribution utility said that the deferment of WESM charge is in compliance with the Energy Regulatory Commission’s (ERC) Order dated June 13, 2024, in ERC Case No. 2024-017-MC. All customers are entitled to this lower billing rate.
This lower rate, effective for bills received from June 18, 2024, to July 12, 2024, aims to ease the impact of high electricity bills due to increased WESM generation charges.
Due to this deferment, a portion of the WESM generation cost will be added to the July, August, and September 2024 bills. As a result, customers can expect a slight rate increase in those billing months.
For the convenience of ALL customers, visiting the MORE Power office to apply or request the 4-month installment plan is no longer necessary. Instead, the lower rate for the June billing will be implemented automatically, and the remaining deferred generation charge will apply automatically to the next three succeeding months.
