By Alena Mae S. Flores – September 06, 2018 at 07:15 pm
Electricity rates in the franchise area of retailer Manila Electric Co. declined by P0.1458 per kilowatt-hour to P10.0732 per kWh in September from P10.2190 per kWh in August.
Meralco said for a typical household consuming 200 kWh, this would mean a reduction of around P29 in their monthly bill.
“We are pleased to announce that despite the recent figures released on inflation and a slight depreciation of the peso, Meralco customers can find some relief in the decrease of power rates this month, as this goes against the current trend that we see with other basic goods and commodities,” said Meralco spokesperson and head of public information office Joe Zaldarriaga.
Meralco’s generation charge dropped P0.0772 to P5.2719 per kWh in September from P5.3491 per kWh in August.
Meralco attributed the lower generation chargeto the P2.0768-per-kWh decrease in Wholesale Electricity Spot Market charges.
WESM acts as the country’s trading floor of electricity.
“WESM prices decreased this month as a result of both less power plant capacity on outage and lower average demand for power in Luzon,” Meralco said.
The power distributor purchased 21 percent of its power requirements from WESM.