Lower electricity rates expected this month

Customers of power utility giant Manila Electric Co. can expect their electricity bills to go down again this August.

Meralco announced that the overall power rate for a typical household would decline by P42 in the total bill this month. Typical households are those that consume 200 kilowatt-hours (kWh).

Residential customers will see a reduction in their bills by P0.2087 per kilowatt-hour to P9.5458 per kWh.

This is the second straight month that Meralco slashed power rates.

With this adjustment, Meralco has cut electricity rates by a total of P0.9154 per kWh over the past two months and by P0.2315 per kWh since the start of the year. Last July, Meralco reduced power rates by P0.7067 per kWh.

The generation charge for August went down by P0.1944 to P6.5812 per kWh last month due to lower expenses from power supply agreements (PSAs), which more than offset increases in costs from independent power producers (IPPs) and the Wholesale Electricity Spot Market (WESM).

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