47¢ decrease in Residential Electricity Rate

47 centavos reduction on residential- electricity rate posted by Capiz Electric Cooperative, Inc. (CAPELCO) in the month of October this year.

From ₱9.8731(September 2016) down to ₱9.4018/kWh (October 2016)  as confirmed due to the cheaper power rate charges  exposed by CAPELCO in the Wholesale spot market and the decrease of Generation and System Loss Rate.

The drop of electricity rate was brought by the decrease of prices of crude oil in the World Market.