MANILA, Philippines — Manila Electric Company (Meralco) said on Tuesday that electricity rates would go down this month, compared to August due to an expected lower generation charge brought by a stronger Philippine peso against the US dollar., This news data comes from:http://mk.ycyzqzxyh.com
"We expect a lower generation charge to pull the overall rate downwards this September," Joe R. Zaldarriaga, Meralco vice president and head of Corporate Communications, said in a statement.
"This development was able to more than offset the cost recovery of SMC Global Power Holdings Corporation for its terminated contracts, the implementation of which was given go signal by the Energy Regulatory Commission (ERC) which began this month," he added.
"Overall, we are optimistic that the reduction in generation charge will be able to offset increase in other bill components. We’re set to announce actual rate adjustment tomorrow," Zaldarriaga said.
Previously in August, Meralco announced an upward rate adjustment of P0.6268 per kilowatt-hour (kWh) due to higher generation and transmission charges, bringing the overall rate for a typical household to P13.2703 per kWh from P12.6435 per kWh back in July.
It added that for residential customers consuming 200 kWh, the adjustment is equivalent to an increase of around P125 in their total electricity bill.
Meralco: Lower electricity rates expected for Sept
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Pope declares 'God's influencer' first millennial saint
- BuCor chief calls for major reforms
- Social pension eyed for indigent seniors
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- Fears of new political crisis grip France
- Pope Leo: We must listen first before speaking
- Thai opposition's kingmaking summit fails to back new PM
- China displays its weaponry in a tightly controlled military parade
