Power rates to go down in October - Meralco

Typical households can expect their monthly electricity bill to go down by Php19 in October after distribution utility Manila Electric Co. (Meralco) announced on Monday another cut in the overall rates due to a reduction in power generation charges.

“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 Joe R. Zaldarriaga, Meralco’s spokesperson and head of its public information office.

Meralco said the overall electricity rates once again went down, with this month’s reduction placed at Php0.0966 per kilowatt-hour (/kWh) to Php9.9766/kWh from Php10.0732/kWh in September.

The decrease means 200-kWh households, which account for the bulk of residential customers, will enjoy a Php19.32 cut in their power bills while those consuming 300 kWh, 400 kWh and 500 kWh will see a reduction of Php28.98, Php38.64 and Php48.30, respectively.

Publicly listed Meralco said the lower power supply agreement (PSA) charges brought down the generation charge for the month. For October, the generation charge fell by Php0.0811/kWh to Php5.1908/kWh from Php5.2719/kWh last month.

The company said the decrease was mainly because of a Php0.2790/kWh decline in the charges of PSAs. This was despite the weakening of the peso against the US dollar and the scheduled maintenance shutdown of the first unit of the Sual plant.