Meralco announces lower December rates

posted December 09, 2020 at 08:25 pm by Alena Mae S. Flores
https://manilastandard.net/business/power-technology/341638/meralco-announces-lower-december-rates.html

Manila Electric Company said Wednesday customers will experience another downward adjustment in power rates for December as the overall rate for a typical household fell P0.0352 per kilowatt-hour to P8.4753 per kWh from last month’s P8.5105 per kWh.

Meralco assistant vice president and spokesman Joe Zaldarriaga said the new rate is equivalent to a decrease of around P7 in the monthly bill of residential customers consuming 200 kWh. “This the second lowest overall power rate in more than three years, or since September 2017,” Zaldarraiga said.

This month’s overall rate also represents a net rate reduction of P1.3870 per kWh, equivalent to bill reduction of more than P277 for a 200 kWh household since the start of the year.

Meralco’s generation charge decreased by P0.0502 per kWh to P4.1516 per kWh in December from P4.2018 per kWh in November.