Good news to 440,000 power consumers in Metro Cebu as Visayan Electric announced yesterday its power reduction for March-April this year.

VisayanElectric Reputation Enhancement Department head Queenie Sanchez-Bronce,said power reduction will be at P0.94 per kilowatt hour in its average residential rate.

“This is the biggest power rate reduction since December of last year,” she added.

The rate reduction is due to the low price of coal in the world market, which has allowed them to lower their generation charges. This has resulted in a decrease in the overall cost of electricity, benefiting the customers of Visayan Electric.

Visayan Electric’s president and chief operating officer, Raul C. Lucero, said: “We are committed to providing our customters with reliable and affordable electricity. With the low price of coal in the world market, we are able to pass on the savings to our customers through this rate reduction. We encourage our customers to continue practicing energy conservation to help manage their electricity bills and ensure a stable supply of electricity.”