By PR October 18, 2024
Residents of Tagbilaran City will experience a P3.81 decrease in the total electricity rate this October 2024, compared to the September billing.
Bohol Light Company Inc, operated by Primelectric, stated that in October 2024, residential consumers in Tagbilaran City will only pay P9.81 per kWh, down from P13.62 last month.
Meanwhile, commercial consumers will be charged P9.54 per kWh, a reduction from P13.26/kWh or a decrease of P3.72/kWh.
The reduction in electricity prices is due to lower costs in the Wholesale Electricity Spot Market (WESM), which has had a significant impact on the calculation of the Power Generation Cost.
Generation and Transmission rates are considered "pass-through" charges, reflecting the costs billed by power generators and the National Grid Corporation of the Philippines (NGCP) to Bohol Light. These charges are passed on to consumers and subsequently remitted to the power suppliers and NGCP.
The Generation Charge varies monthly, influenced by factors such as the cost of raw materials used by power generation plants, market prices in WESM, and Transmission Charges. These factors result in adjustments to the electricity rates implemented by distribution utilities like Bohol Light.
The Distribution rate, comprising Distribution, Supply, and Metering (DSM) charges, remains at P0.9840/kWh. These charges are strictly regulated by the Energy Regulatory Commission (ERC) and have remained unchanged since 2015.
The DSM charge is Bohol Light's sole source for covering administrative, operational, and maintenance expenses.
