Higher electricity rates possible in 2025 | TeleRadyo Serbisyo

Power rates may rise next year after the Energy Regulatory Commission approved the collection of the remaining 70 percent of the reserve trading amounts incurred during the earlier part of 2024 as part of the National Grid Corporation's ancillary services. This translates to around P4 billion that will be passed on to consumers in Luzon, Visayas and Mindanao. Consumers in Luzon will face an increase of P0.12 per kilowatt-hour for 3 months beginning January, P0.12/kWh for Visayas consumers for 6 months starting January and P0.03/kWh for Mindanao consumers for 3 months. For more ABS-CBN News videos, click the link below: https://www.youtube.com/playlist?list=PLgyY1WylJUmgUHWUpi2ioSp4xAP1SmAaf For more latest news and analysis from ABS-CBN News videos, click the link below: https://www.youtube.com/playlist?list=PLgyY1WylJUmg4pcvfM9a96rbUcLD_0P_U For more News Digital News Raw Cuts, click the link below: https://www.youtube.com/playlist?list=PLgyY1WylJUmi83yKJH8Dv0p_3D4cyZKzV Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Watch the full episodes of TV Patrol on iWantTFC: http://bit.ly/TVPatrol-iWantTFC Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews #NationalGridCorporation #TeleRadyoSerbisyo #EnergyRegulatoryCommission