Lower Electricity Rates

Lower Electricity Rates: A Game-Changer for Small Entrepreneurs Like Me

The recent announcement of lower electricity rates by Negros Power for March 2025 is a breath of fresh air for residents and businesses in the cities of Bacolod, Talisay, Silay, and Bago, as well as the municipalities of Murcia and Don Salvador Benedicto. This news is especially significant for me as a small entrepreneur running Jojo Vito Designs Gallery, considering the high electricity consumption involved in our production processes.

Lower Electricity Rates: A Welcome Relief for Business Owners  

Electricity is a significant operational cost for small businesses like mine. Every kilowatt-hour matters, from powering tools and equipment to maintaining lighting and cooling systems in the gallery. With the rate dropping to Php 11.4766 per kWh—a reduction of Php 0.6711 from last month—I can now allocate the savings to other critical areas of my business, such as purchasing raw materials or enhancing marketing efforts.

For example, if our gallery consumes an average of 1,000 kWh per month, this reduction translates to savings of Php 671.10. This makes a significant difference in a competitive market where every peso counts.

Understanding the Factors Behind the Cut |  Lower Electricity Rates

Several key factors drive the rate reduction:

• Lower Generation Costs:

  • Green Core Geothermal Inc. (GCGI) has introduced a Temporary Baseload Discount of Php 0.15 per kWh for 2025.

  • Rates for the Palm Concepcion Power Corp. (PCPC) Emergency Power Supply Agreement have also decreased slightly.

  • Wholesale Electricity Spot Market (WESM) prices have significantly dropped, contributing to a Php 0.5142 per kWh reduction.

• Lower Transmission Charges:

  • Ancillary service costs have decreased, resulting in further savings.

While there was an adjustment in the FIT-ALL rate (an increase of Php 0.0351 per kWh), its impact is minimal compared to the overall reduction.

Lower Electricity Rates: Impact on Small Entrepreneurs

For entrepreneurs like me, this development goes beyond financial savings—it boosts confidence in Negros Power’s commitment to its consumers. Lower electricity rates mean I can better manage my operating expenses and potentially expand my business offerings. It also provides an opportunity to invest in energy-efficient equipment to further reduce costs in the long term.

Moreover, this rate cut comes when businesses are still recovering from economic challenges brought about by inflation and other external factors. It’s reassuring to see that Negros Power is taking steps to make electricity more affordable while maintaining reliable service.

 A Positive Outlook

Negros Power’s efforts to modernize its infrastructure and improve service reliability give me hope that these reductions could continue or even improve in the future. The company’s transparency in communicating these changes also builds consumer trust.

As a small business owner, I look forward to reinvesting these savings into my operations and contributing to the local economy. This rate reduction is not just good news—it’s a lifeline for small entrepreneurs striving to thrive in today’s challenging business environment.

In conclusion, Negros Power’s lower electricity rates are more than just numbers on a bill; they represent opportunities for growth and sustainability for businesses like Jojo Vito Designs Gallery. It’s a step toward a brighter future for all consumers in Negros Occidental.

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