In a statement on Monday, the Pangilinan-led firm said the reduction of P0.2087 this month to P9.5458 per kWh is equivalent to P42 for households consuming 200 kWh.
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Higher generation charge brought about by spiraling fuel costs led to a P0.3982 per kilowatt hour (kWh) increase in electricity rates this month. The upward adjustment will result in an overall rate of P10.4612 for a residential customer consuming 200 kWh, an increase of around P80 in the total bill.…
The Manila Electric Company (Meralco) on Wednesday announced a rollback in its electricity rate for May, snapping a two-month trend of upward adjustments, thanks to the Energy Regulatory Commission’s (ERC) order for the power distributor to refund around P7.8 billion in excess collections.