Razon-led Primelectric Holdings Inc. (PHI) is accelerating infrastructure upgrades, system loss reduction initiatives, and smart market strategies across its three power distribution utilities to maintain competitive electricity rates and enhance service quality.
PHI president and CEO Roel Castro emphasized the company’s focus on operational efficiencies and strategic power sourcing as key to delivering sustained cost reductions to consumers. Although specific investment figures were not disclosed, the firm reported that in June this year, all three utilities under its management posted rate cuts.
Customers of Negros Power, serving Bacolod, Silay, Talisay, Bago, Murcia, and Don Salvador Benedicto, saw a P0.75/kWh rate drop—equating to P150 monthly average savings for households. Iloilo City customers of More Electric and Power Corp. (MORE Power) benefited from a P0.61/kWh reduction (P122 savings), while Bohol Light’s Central Negros customers experienced a P0.55/kWh decrease (P110 savings).
The overall P1.91/kWh cumulative reduction was attributed to improved distribution efficiency, optimized market participation, and declining transmission and wholesale electricity spot market (WESM) charges. Castro reaffirmed PHI’s commitment to redirecting savings to consumers to support essential household spending.
