26-06-2025
Razon-led Prime Electric's More, Negros Power, Bohol Light slash power rates
Tycoon Enrique Razon Jr.'s Prime Electric Holdings Inc. (PHI), through its utility units—More Power in Iloilo City, Negros Power in Central Negros, and Bohol Light in Bohol—has implemented a significant reductions for its power rates this month.
In a new release on Thursday, customers of Bohol Light would expect a 75-centavo rollback per kilowatt-hour (kWh) in their bills, which would translate to a P150 in savings for an average household consuming 200 kWh.
In Iloilo City, customers of More Electric and Power Corporation would enjoy a rate decrease of 61 centavos per kWh, resulting in an estimated P122 bill reduction for those who are consuming 200 kWh.
Meanwhile, customers in Central Negros would look forward to a 55-centavo per kWh cut, lowering the residential electricity rate from P11.69 to P11.14 per kWh.
For Central Negros households using 200 kWh monthly, this would mean a P110 in savings, according to PHI.
PHI said the total rate reduction for its three distribution utilities stood at P1.91, on the back of 'several favorable economic factors,' including lower costs in the Wholesale Electricity Spot Market and decreased transmission charges.
The rate reductions position the three utilities among the most affordable electricity providers in the Visayas region, according to the company.
Roel Castro, president and CEO of PHI, said that the company remains committed to delivering affordability and reliability, ensuring that every peso saved on electricity goes toward improving the lives of the communities they serve.
"Our goal is to pass these savings directly to consumers, helping families allocate funds toward essentials like food, education, and other vital needs," said Castro.
PHI said it continues to prioritize infrastructure upgrades, system loss reduction programs, and smart market participation strategies to sustain low rates while enhancing service quality. — Ted Cordero/BM, GMA Integrated News
