The loan guarantee will reduce the amount the utility needs to recoup from customers for higher-priced fuel purchased due to the delivery delays.
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Residential customers of Visayan Electric will have a respite from the high power prices at the Wholesale Electricity Spot Market (WESM) as the electric utility will implement a ?2.43/kWh decrease in average rates for the billing month of June-July.
The loan guarantee will reduce the amount the utility needs to recoup from customers for higher-priced fuel purchased due to the delivery delays.
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HDBank will also implement a 1 per cent reduction in interest rates for existing loans that support customers’ production and business activities.
Wholesale electricity prices have more than doubled since 2021, adding to cost of living pressures and sparking calls for the transformation of WA’s...