Iloilo City has the lowest electricity rate among the country’s major cities, according to the Institute of Contemporary Economics’ latest report.

The average residential electricity rate offered by MORE Power — Iloilo City’ lone power distributor — stood at P10.30 per kilowatt-hour (kWh) in April this year.

In the same month, Metro Manila, where electricity is provided by Meralco, had a residential rate of P10.95 per kWh.

Cebu City, served by Visayan Electric, and Bacolod City, served by CENECO, offered power rates of P11.28 and P11.95 per kWh, respectively

The report highlighted the importance of comparative studies in understanding the dynamics of electricity rates across different regions.

In a statement, City Mayor Jerry P. Treñas said this accomplishment “is a big boost to the [city] in terms of opening more investments, businesses, and economic activities.”

“This is also a very welcome development for every Ilonggo household that will never have to worry about high electric bills,” he added.

The mayor thanked MORE Power for “providing the [city] with reliable and affordable power and for their commitment to always advance the welfare of our residents at all times.”IMT