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Benquet Electric Cooperative Slashes Power Rates, Offering Relief to Consumers
The Benguet Electric Cooperative (Beneco) has announced a reduction in electricity rates by P0.8063 per kilowatt-hour (kWh), offering savings of approximately P80 for households consuming 100 kWh. This rollback provides much-needed relief after a spike in summer power costs.
BAGUIO CITY, Philippines – Households in Baguio and Benguet will see lower electricity bills this month after the Benguet Electric Cooperative (Beneco) slashed overall rates by P0.8063 per kilowatt-hour (KWh). The residential rate was reduced to P11.8038 from P12.6101 per kWh last month, translating to savings of P80.63 for households consuming 100 kWh. Beneco accounting officer Benelita Linmipao said the rate cut benefits all customer classes, including commercial, industrial and public facility accounts. Linmipao cited the decreases in power generation and ancillary fees of P0.49 and P0.25 per kWh, respectively, which absorbed a P0.05 transmission uptick. The rollback offers a fresh relief after power rates spiked during the summer due to high demand and the tension in the Middle East. Information Source: Philstar Nation
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Philstar Nation