Power rates continue to decrease for March 2023
The overall power rate of Davao Light and Power Co., Inc. (Davao Light) further decreased from P11.52 last month to P11.14 this March.
The thirty-eight (0.38) centavo per kilowatt-hour decrease is due to (1) Davao Light’s participation in the commercial operation of the Philippine Wholesale Electricity Spot Market (WESM) in Mindanao which the company took advantage of given the low power supply prices, and (2) the decrease of the price of power from coal suppliers where Davao Light sources a part of its power requirement. It can be recalled that power generation rates were high beginning in June 2022 due to the increase in the price of imported fuel particularly coal.