March '14 Meralco bill down by 45 centavos per kWh

The March 2014 bill of Manila Electric Company (Meralco) will drop by 45 centavos per kilowatthour (kWh) primarily due to the combination of lower generation charge and strengthening of the peso.

In a statement, the utility firm said generation charge of power sourced from the Wholesale Electric Spot Market (WESM) posted the highest drop at 51 centavos/kWh to Php4.90 “as demand remained moderate and no major power plant outages were reported.”