Meralco power rates down P0.0966 per kWh in October

Households consuming 200 kilowatt hours per month will pay P19 less in their overall electricity bill this October, the Manila Electric Co. (Meralco) said Monday.

The overall electricity rate in areas serviced by Meralco is  going down by P0.0966 per kilowatt hour to P9.9766 per kWh this October, the company said.

“After a reduction last September, overall electricity rates once again went down to P9.9766 per kWh this month from last month’s P10.0732 per kWh. The decrease of P0.0966 per kWh will mean a downward adjustment of around P19 in the total bill of a typical household consuming 200 kWh,” Meralco said in a statement.

Since April this year, electricity rates registered a net decrease of 57-centavos per kWh

“We are pleased to announce that despite prices of other basic goods and commodities generally going up, Meralco customers can find some relief in the decrease of power rates these past two months, as this goes against the current trend that we see with other products,” said Meralco Spokesperson Joe Zaldarriaga.

According to Meralco, the decrease in generation charges is mainly the result of a P0.2790 per kWh reduction in charges under the Power Supply Agreements (PSAs).

This is the second straight month of cuts in Meralco rates, following a cut of P0.1458/kWh in September. —With Jon Viktor Cabuenas/VDS, GMA News