Davao Light and Power Company

As anticipated, the current power situation in Mindanao has affected the generation charges. One of the factors that has a significant impact on the electricity rate is the El Niño phenomenon which affected the hydropower sources, reducing their generating capacity to as low as 50% and resulting in a low supply of cheaper power. The higher power supply prices from the Philippine Wholesale Electricity Spot Market (WESM) in Mindanao is another driver of the increase in Davao Light and Power Co., Inc. (Davao Light) residential rate by P1.6254 per kilowatt hour (kWh) this month of May.

The higher generation charges pulled the overall residential rate up to P10.7608 per kWh from the previous month's P9.1354 per kWh where a typical household with an average monthly consumption of 200 kWh will experience a P325.08 increase compared to their April billing. This rate applies to the billing period of May 11 to June 10, 2024.