2019/7/8/Meralco-power-rate-July Meralco rates lower for third straight month

Meralco rates lower for third straight month

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Metro Manila (CNN Philippines, July 8) — Manila Electric Company (Meralco) subscribers can expect lower power bills this month as the electric power distribution firm slashed rates for the third consecutive month.

Meralco said it is lowering power rates by ₱0.1068 per kilowatt hour (kWh), which translates to a ₱21 decrease in the bill of a household that consumes 200 kWh a month. This followed two straight months of lower power rates.

The power distribution company attributed the lower charges this month to a lower transmission charge for residential customers, which decreased by P0.0788 per kWh mainly due to lower ancillary service charges.

Reductions in taxes and other charges also contributed to the power rate drop. This includes a reduction of P0.00349 per kWh in compliance with the Energy Regulation Commission’s order to power distribution companies to implement a decrease in power rates by refunding their unused Regulatory Reset Cost, plus interest.

The Regulatory Reset Cost covers the expenses incurred whenever experts or consultants are tapped in setting and updating the electricity rates charged by power firms to its customers.