Meralco power rates slightly lower in February 2023

A typical household consuming 200 kWh will see a decrease of P2 in their electricity bill for February.

MANILA, Philippines– The Manila Electric Company lowered the power rates for February, due to overall lower generation charges during the month.

Meralco announced a reduction of P0.0106 per kilowatt hour in electricity rates, bringing the overall rate for a typical household down to P10.89 per kWh in February from the P10.90 per kWh in January.Generation charges were lower in February due to lower costs from the Wholesale Electricity Spot Market and independent power producers, which effectively offset the increase in charges from Meralco’s power supply agreements.of the Malampaya facility will lead to higher rates in the coming months.

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