Lower power rates seen this month

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The Manila Electric Co. (Meralco), the country’s largest power distributor, said power rates may go down this month.

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Meralco spokesperson Joe Zaldarriaga attributed the looming price reduction to low generation charges.

“While we are still waiting for the complete and final billings from our suppliers, there is indication that the generation charge will remain at its low levels for October,” Zaldarriaga told reporters in a text message.

“This will most likely lead to minimal adjustments to the overall electricity rate compared to last month, when we recorded lowest electricity rates since 2010, and the fifth consecutive month that rates decreased,” he said.

Meralco last month also lowered power rates for its residential customers by 57 centavos per kilowatt hour (kWh).

For a typical household consuming 200 kWh, the overall electricity bill went down by P114.

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