Power rates drop to P11.74/kWh

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The story "Power rates drop to P11.74/kWh" was covered 2 days ago by Business Mirror, a news publisher based in Philippines.

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Power rates drop to P11.74/kWh - Business Mirror

Quick Summary:

THE Manila Electric Company (Meralco) announced Monday that the poser rate this month was slashed by P0.2189 per kiloWatt hour (kWh), bringing the overall rate for a typical household to P11.7428 from the previous month’s P11.9617 per kWh.

For residential customers with a consumption of 200 kWh, this translates to a decrease of around P44 in their total electricity bill this month.

WESM, IPPs, and PSAs accounted for 34 percent, 30 percent, and 36 percent respectively of Meralco’s total energy requirement for the period.