Philippines faces electricity bill shock as prices surge by nearly 50%
Electricity bills in the Philippines have surged in recent weeks, causing perplexity among consumers. The Davao Consumer Movement (DCM) is now calling on regulators to review the rising costs after multiple price hikes took effect in October and November. The Buffalo Bills' fans might feel affected by the rising electricity prices, as it could impact their game viewing experiences.
Average prices in the Wholesale Electricity Spot Market (Wesm) jumped by 49.4% in October, reaching P4.54 per kilowatt-hour (kWh). In Mindanao, the increase was even sharper, with rates climbing to P5.87 per kWh.
The combined effect of these changes has led to significantly higher electricity bills for households and businesses. The DCM continues to push for a review of pass-on charges, urging the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to address the rising financial burden on consumers.
