MANILA, Philippines – Household electricity rates decreased for the fifth consecutive month, Manila Electric Company (MERALCO) said in a press briefing in its headquarters at Pasig City.
This month, power rates decreased to Php9.0414 per kWh from August’s Php9.5674 per kWh.
According to the power company, the downward adjustment of P0.5260 per kWh will mean a decrease of around P105 in the total bill for a typical household consuming 200Kwh per month.
The generation charge decrease is due to the lower charges from the Wholesale Electricity Spot Market (WESM).
The WESM charge decreases are mainly due to the improved supply conditions in the Luzon grid. The National Grid Corporation affirmed that there were no alerts during the whole supply month, which contributed to the market’s charge decrease.