Visayan Electric secures ERC approval to reduce July rate
Visayan Electric has secured approval from the Energy Regulatory Commission to defer a portion of generation costs, preventing a sharp spike in July 2026 residential electricity rates. The utility is also pursuing emergency power supply agreements and long-term contracts to stabilize future energy costs amid market volatility.
Why it matters
This intervention highlights the ongoing struggle of regional power utilities to manage global fuel price shocks and supply shortages while protecting consumers from extreme cost increases.
VISAYAN Electric took urgent steps to protect consumers from a sharp rise in generation costs that threatened to push July 2026 residential rates to P17.59 per kilowatt-hour (kWh), up from P13.74 per kWh in June.By actively coordinating with the Energy Regulatory Commission (ERC) to defer a portion of these costs, the utility successfully capped the rate at P14.90 per kWh, effectively reducing the immediate increase by nearly 70 percent through the ERC-approved deferment. “We are not simply passing these costs through to the consumer,” said Mark Anthony Kindica, Visayan Electric president and general manager.
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