Negros Power cuts May electricity rates by 86¢ per kWh

MANILA, Philippines — Customers of Razon-led Negros Electric and Power Corp. (Negros Power) will pay cheaper electricity bills this May following an 86-centavo rate cut. Negros Power said that the average residential electricity rate for this month had dropped to P11.3808 per kilowatt-hour (kWh) from April’s P12.2463 per kWh. The slash in May electricity rate