Meralco rates slightly dip in May despite fuel price woes

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MANILA, Philippines – Despite projections of a significant jump in electricity rates this May due to the ongoing Middle East crisis affecting oil prices, Manila Electric Co. (Meralco) will instead implement a minimal rate cut for its more than 8 million consumers.

Meralco, the biggest power distributor in the Philippines, on Wednesday said there would be a reduction of P0.0151 per kilowatt hour for this month’s billing.

This means that households consuming 200 kWh per month could see a reduction of P3 in their electricity bill this May.

The company attributed the slight downward adjustment to a higher refund rate, the implementation of value-added tax exemption on indigenous natural gas, the suspension of green energy auction allowance, and lower transmission charges.