Visayas Businesses Secure Lower Power Rates to Offset National Electricity Hike

Amid a nationwide trend of rising electricity costs, power distributors in the Visayas region have successfully negotiated reduced power rates with generation companies, providing a buffer for consumers and businesses. The lower rates come as a result of competitive bidding and long-term contracts that leverage the region's diverse energy mix, including geothermal, solar, and coal sources. These agreements are expected to stabilize power costs for the next several months, offering relief to industries and households facing higher bills elsewhere in the country.