The Philippine Star reports that the threshold for businesses to choose their own electricity supplier under the competitive retail electricity market has been lowered from 500 to 100 kilowatts. This change opens the market to smaller and medium-sized enterprises, which previously could not participate due to the higher minimum demand requirement.
With the reduced threshold, more businesses can now shop for electricity suppliers, potentially benefiting from lower rates and better service terms. The competitive retail market, previously reserved for large industrial users, aims to foster competition among power generators and retailers, ultimately driving down costs for end-users.
The development aligns with the government's efforts to liberalize the electricity sector and promote consumer choice. Industry experts expect that increased participation from SMEs will stimulate further competition and innovation among suppliers in the Philippine energy market.