The reduction was tempered by higher pass-through costs as well as the additional P8.7-billion collection that ERC permitted
MANILA, Philippines – Meralco customers will see slightly lower electricity rates in August, as a multibillion-peso refund ordered by regulators offsets increases in several pass-through charges.
The Manila Electric Company (Meralco) said on Monday, August 10, that the overall rate for a typical household will decrease by P0.0428 per kilowatt-hour (kWh) to P14.7833 from P14.8261 per kWh in July.
“For residential customers of Meralco who are consuming 200 kWh, this adjustment translates to a reduction of around P9 in the total electricity bill,” Meralco vice president and head of corporate communications Joe Zaldarriaga said.
The decrease comes largely from a P9.5-billion refund approved by the Energy Regulatory Commission (ERC), equivalent to P0.5861 per kWh for residential customers and to be implemented over six months.
