The Energy Regulatory Commission (ERC) has reported an increase in the average rate offer in the electricity retail market space at P4.05 per kilowatt hour (kWh) as of April this year.
The Energy Regulatory Commission has reported an increase in the average rate offer in the electricity retail market space at P4.05 per kilowatt hour as of April this year; from a leaner average of P3.63 per kWh weighted average as of its monitoring report in 2021.
“Aggregation of the electricity requirements of end-users whose total monthly average peak demand is at least 500kW within a contiguous area shall be implemented effective on 26 December 2022,” the ERC has stipulated. In previous months, however, energy markets had seen fuel costs soaring to unprecedented levels. This is being viewed as a major contributing factor to the escalated power rates being offered, even in the retail market.
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