Report: Meralco announces 34-centavo per kWh rate drop for January

Meralco has announced that the overall electricity rates for the month is down to PHP 9.84 per kilowatt-hour. It is lower by 34-centavo versus the PHP 10.18 rate last month.

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34-centavo per kWh rate drop

It is equivalent to PHP 68 of savings for typical households consuming 200 kWh of electricity per month.

According to Meralco, the decrease was brought about by lower generation charges from Meralco's Power Supply Agreements (PSAs) with power generation companies.

Meralco said that historically, movements in electricity rates are driven by generation charges which are pass-through charges. It means that these are only collected by Meralco in behalf of entities such as power generation companies.

The pass-through charges are paid to NGCP. Taxes and other public policy charges that are remitted to the government.

Meralco’s distribution, supply, and metering charges have remained unchanged since July 2015. Those are the only charges that count as Meralco revenues.

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