Manila Electric Co. (Meralco), the country’s largest power distributor, sees a reduction in power rates this month.
Meralco spokesman Joe Zaldarriaga on Thursday said there is a possibility that power rates may go down this September because of stable supply.
“So far we haven’t seen any factor for rates to go up,” Zaldarriaga told reporters.
Based on their initial information, he said, there is stable supply for the month as power plants had higher dispatch level in August.
“This may possibly result in [stable]rates [since]our distribution capability is more available,” Zaldarriaga added.
He pointed out that pressure for rates to go up is minimized as well.
“In case power rates will not go down, at least [they]will be stable for the month of September,” Zaldarriaga said.
But based on their monitoring, he added, power rates have been going down since May.
“We will get a better view when we get our invoices from suppliers by the first few days of next week and then we will see the actual view,” Zaldarriaga said.
Last month, Meralco’s overall rates for its residential customers went down again by 26 centavos per kilowatt hour (kWh).
This brought the total reduction to P1.56 per kWh over the past four months.
August’s reduction also marks the sixth time this year that rates have gone down.