THE Davao Light and Power Company (Davao Light) announced a decrease in the overall residential electricity rate by P0.2164 per kilowatt-hour (kWh).
Fermin Edillion, head of DLPC's Reputation Enhancement Department, stated that this month's rate dropped to P8.9894, down from December 2024’s rate of P9.2058. He attributed the reduction to lower market prices. This rate change will be reflected in consumer bills from January 11 to February 10, 2025.
“Mahitungod kini sa barato ang mga supply nato nga nakuha especially diha sa WESM o sa Wholesale Electricity Spot Market (This is due to the lower market prices, especially from the Wholesale Electricity Spot Market (WESM)),” Edillion said during the Davao Peace and Security Press Corps on January 15, 2025, at The Royal Mandaya Hotel.
Edillion added that Davao Light focuses on sourcing energy from lower-priced markets to prevent burdening consumers with higher rates. He also noted that further reductions in rates could attract investors, benefiting the local economy and creating job opportunities.
He clarified that electricity rates are volatile and subject to change, as they depend on market prices for energy supply, global fuel prices, and energy demand.
However, Edillion clarified that electricity rates are volatile, and dependent on energy supply market prices, global fuel prices, and energy demand.
“Mangita lang gyud me ug mga sources na makuhaan nato nga barato (We will continue seeking sources with lower prices),” he said.
DLPC also urged consumers to manage energy consumption wisely to avoid high electricity bills, even with the decrease in rates. RGP
