THE DAVAO Light and Power Company (DLPC) announced that residential consumers will experience a slight increase in their power rate for the April to May billing period.
In a statement, DLPC noted the power rate to increase by P0.1379-kilowatt per hour (kWh) this April.
The slight increase is attributed to “higher power supply prices from the Philippine Wholesale Electricity Spot Market (WESM) in Mindanao which pushed the generation rate up.”
WESM is the centralized venue for buyers and sellers to trade electricity as a commodity where prices are determined based on demand and supply.
Power rates will also be reflected in bills received from April 11 to May 10, 2024, which rose from P8.9975/kWh last March to P9.1354/kWh this month.
“The power distribution utility reiterates that market prices are volatile thus changes in the power rates are expected every month,” the DLPC statement reads.
DLPC also urged customers to check their monthly power rates posted on their website at www.davaolight.com.
