Customers of Meralco are in for some relief this month as the utility will charge P0.7213 per kilowatt-hour less due to lower demand amid the rainy season as well as lower generation charges. | MegINQ /PDI
According to Meralco, this was on the back of lower spot market prices, which went down by P2.6597 per kWh thanks to declining demand amid the onset of the rainy season.Despite the threat of the El Niño phenomenon that could hamper power generation, Meralco spokesperson Joe Zaldarriaga said supply remained “sufficient.”
Charges from power supply agreements and independent power producers also went down by P0.3915 per kWh and P0.4658 per kWh, respectively, due to lower coal prices.Transmission charges, including taxes and subsidies, had a net reduction of P0.0777 per kWh, Meralco said. Last month, Meralco increased its electricity rate by P0.4183 per kWh after a distribution-related refund ended.
“Global crude oil prices have been trending downward so this will pull down Malampaya rates,” he said. “All electrical wires, connectors, and other wiring devices should be kept completely dry, and if outlets or appliances are drenched, it’s best to have a licensed electrician check these before using,” it said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meralco cuts July power rate by P0.7213/kWhLow generation charge once again pulled down Meralco's electricity rate in the July billing period by P0.7213 per kilowatt-hour, bringing a typical household’s overall electricity rate to P11.1899 per kWh from P11.9112 per kWh in June. | MegINQ /PDI
Read more »
Meralco rates down in JulyThe Manila Electric Co. (Meralco) on Monday announced a downward adjustment in power rates for July, following straight months of increases, as generation and transmission charges declined during the period.
Read more »
Meralco cuts rates in JulyTHE Manila Electric Company (Meralco) on Monday said it will cut its rates by P0.7213 per kWh in July. READ HERE:
Read more »
Meralco rates down by P0.7213 per kilowatt-hour in JulyConsumers of Manila Electric Co. will experience a reduction of P0.7213 per kilowatt-hour in their electricity rate this month due
Read more »
Meralco rates down by P0.7213/kWhThe customers of Manila Electric Company (Meralco) will have one less worry on rising household budgets this month, as the tariff of the company will go down by P0.7213 per kilowatt hour (kWh) in its July billing cycle. ManilaBulletin READ:
Read more »