ILOILO CITY — MORE Electric and Power Corporation is passing on relief to Ilonggo consumers with a reduction in electricity rates for May, despite upward pressure on global commodity prices stemming from the ongoing crisis in the Middle East. The residential rate for May is ₱11.8710 per kWh, down from ₱12.14 per kWh in April. The commercial rate falls to ₱11.00 per kWh from ₱11.27 last month. The movement in retail rates is primarily attributed to a lower transmission charge, which declined to ₱0.26/kWh versus the previous month. The system loss charge was also trimmed by ₱0.027/kWh, reflecting the transmission adjustment; overall system loss improved from 5.37% to 5.20%. On the other hand, the generation charge rose by ₱0.05/kWh due to higher coal prices and increased freight costs associated with imports. Inflation (CPI) and foreign exchange fluctuations also pushed generation costs upward. Prices in the Wholesale Electricity Spot Market likewise climbed to ₱4.47/kWh. Despite the upt...
Pavia, Iloilo – Malls, food chains, hotels, BPOs, publication offices, and even construction firms are among the diverse sectors now served by MORE Power, as the company continues to expand its reach. In the first quarter of 2026, MORE Power accommodated the migration of several major accounts seeking reliable service, cost efficiency, and customer-friendly support for their thriving operations. The latest to make the migration is Waffle Time Inc., a prominent Ilonggo business franchise, for its commissary in Brgy. Pagsangaan, Pavia, Iloilo. The company successfully transferred its load to MORE Power as its primary power source. Just last month, Taytay sa Kauswagan (TSKI), a major finance firm and hotel operator, along with Gateway Hotel, completed their migration on March 27, 2026. TSKI CEO and President Mr. Peter Talbanban and Gateway Hotel Chief Operating Officer Mr. Wendell Hofanda led the migration ceremony. “The primary expectation is better service and lower costs, especially am...