MORE Power Lowers Electricity Rates for March 2025

By Francis Allan L. Angelo

MORE Power has reduced its average residential electricity rate in Iloilo City to PHP10.4177 per kilowatt-hour (kWh), marking a PHP0.7836 per kWh decrease from February 2025.

This reduction is attributed to lower generation and transmission charges, reflecting MORE Power’s commitment to providing affordable and reliable electricity to consumers.

A key factor in the rate decrease is MORE Power’s strategic energy procurement, which includes maximizing purchases from the Wholesale Electricity Spot Market (WESM).

Currently, 57.5% of MORE Power’s generation mix comes from WESM, allowing the company to secure electricity at more competitive rates.

The lower rates this month will provide significant savings for households in Iloilo City.

Consumers with an average monthly consumption of 200 kWh can expect to save approximately PHP156 on their electricity bills.

“We are committed to providing our customers with the most affordable and reliable electricity possible,” MORE Power said in a social media post.

“This rate reduction is a direct result of our strategic procurement practices and our commitment to delivering value to our consumers,” the company added.

Negros Power Also Cuts Rates

Earlier, MORE Power’s sister company, Negros Power, announced a PHP0.6711 per kWh rate reduction for March 2025, bringing its average residential rate to PHP11.4766 per kWh.

The decrease follows last month’s PHP12.1477 per kWh rate, driven by lower generation costs, transmission charges, and system losses.

Negros Power credited a temporary baseload discount of PHP0.15 per kWh from Green Core Geothermal Inc. (GCGI), valid throughout 2025, as a major factor in the reduction.

Additionally, the Power Sector Assets and Liabilities Management Corp.’s (PSALM) Energy Power Supply Agreement (EPSA) rate dropped from PHP6.1635 to PHP6.1368 per kWh, resulting in a PHP0.0267 per kWh decrease.

Wholesale Electricity Spot Market (WESM) prices also fell, from PHP4.0525 to PHP3.5383 per kWh, reducing costs by PHP0.5142 per kWh.

Transmission charges declined due to lower ancillary service costs, with the average transmission rate dropping from PHP1,000.7771 to PHP726.9680, reflecting a PHP273.8091 decrease.

System losses also improved, with feeder loss dropping from 9.88% to 8.27%, while the total system loss stands at 11.51%, contributing to a PHP0.0539 per kWh decrease in system loss charges.

However, despite these cost reductions, the feed-in tariff allowance (FIT-ALL) rate increased from PHP0.0838 to PHP0.1189 per kWh, reflecting a PHP0.0351 hike, as per the Energy Regulatory Commission’s (ERC) resolution (Case No. 2023-096 RC, dated Feb. 19, 2025).

For March 2025, Negros Power’s electricity rates are as follows:

Residential: PHP11.4766 per kWh

Low voltage: PHP11.5931 per kWh

High voltage: PHP10.4899 per kWh