Energy utility provider Manila Electric Co. is anticipating a decrease in overall household electricity rates for April, bringing potential relief to its customers.
MANILA, Philippines — Energy utility provider Manila Electric Co. is anticipating a decrease in overall household electricity rates for April, bringing potential relief to its customers.
For March, Meralco increased electricity rates by P0.0229 per kilowatt-hour, bringing the overall rate to P11.9397 per kWh from February’s P11.9168 per kWh. "Transmission charges, on the other hand, may have lower costs following the Energy Regulatory Commission's order suspending the settlement in the reserve market that drove the significant increase in ancillary service charges in the March electricity rates," he added.
The Philippines remains on track to become an upper-middle income economy in 2025, even as the government trimmed its economic...
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