P0.0774/kWh increase in January 2024 power rate

Davao Light and Power Co., Inc. (Davao Light) residential customers will see a slight increase in their bills for January 2024 as the overall power rate is up by P0.0774 per kilowatt-hour (kWh). From P8.74/kWh last December 2023, it is now P8.82/kWh due to higher market prices that pushed the generation rate up. This rate applies to bills received from January 11 to February 10, 2024.


The increase was driven by the higher cost of power from Independent Power Producers to whom Davao Light sources part of its supply requirement. The distribution utility sources more than 50% of its power requirements from non-renewable sources such as coal, while nearly 50% is from renewable sources such as hydropower — a cheaper source — which remains unaffected by the volatility of world market prices. Even so, Davao Light is doing its best to maintain a well-balanced power supply mix to provide its customers with reliable power at the most reasonable cost.

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