PHOTO CAPTION: Iloilo City Mayor Jerry Treñas cannot be more pleased at the reduction in electricity rates recently announced by MORE Power./iNEWS
ILOILO CITY–At a time of a pandemic when city residents are trying to keep their heads above water to survive, no one actually expects an electric power company to be the one to give Ilonggos the necessary leg-up. But MORE Electric and Power Corporation did just that, in the form of a 35-percent reduction in electricity rates, which translates to just P6.46 per kilowatt-hour from last month’s P10.01 KwH.
And Iloilo City mayor Jerry Treñas can’t express his elation enough at the sudden but definitely most welcome turn of events, especially with the city placed on Enhanced Community Quarantine (ECQ) until the end of the month.
“Well, nalipay gid ako and very happy nga panubuon ang aton per kilowatt hour. I think all over the Philippines kita na gid ang pinakanubo and that will give more reason for investors to come in diri sa aton. On top of that, gina-improve man ang aton electrical distribution and at the same time may ara man nga mag-lower sang aton electric rates [Well, I am very much grateful and very happy about the reduction in our per kilowatt hour here. I think all over the Philippines we now have the lowest (electricity rates) and that will give more reason for investors to come here. On top of that, our electric distribution mechanism is being improved and at the same time we are now getting much lower electric rates],” the city chief executive enthused.
To note, from a rate of more than P10/kWh in the month of June, the average electricity rate for residential houses has been cut by P3.55 to just P6.45 by this month’s billing. Commercial establishments, meanwhile, get a P3.31 reduction from their June billing, paying only P6.18/kWh from last month’s P9.49/kWh.
According to Treñas, with the significant slash in electric rates in the city of Iloilo, investors will seriously consider putting up their businesses here, which could result in the city eventually recovering from the ill effects of the coronavirus disease (COVID)-19 pandemic. (N. Glenn Aragon/iNEWS)