Meralco announces lower rates for May

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Metro Manila (CNN Philippines, May 11) — Customers of Meralco can expect lower electric bills this May with a downward rate adjustment in effect this month.

The power distributor announced it slashed its rate by ₱0.12 per kilowatt-hour (kWh), yielding an overall rate at ₱10.0630/kWh this month. This means a decrease ranging from ₱24 to ₱60 per kWh in the bill of customers consuming 200 kWh to 600 kWh monthly.

“The overall rate reduction was mainly due to the Energy Regulatory Commission’s (ERC) order to Meralco to refund a total of P7.8 billion following the validation of Meralco’s 3rd Regulatory Period (3RP) tariffs for the period July 2011 to June 2015 (RY 2012-2015),” said the company in a statement.

This offset the increase in generation charge—the biggest component of electric bills—by ₱0.3553/kWh.

Meralco also said charges from Power Supply Agreements (PSA) rose by ₱0.8045/kWh, while Independent Power Producers (IPP) charges fell by ₱0.4319/kWh.

Wholesale Electricity Spot Market (WESM) charges also dropped by ₱0.8664/kWh, which the company attributed to lower Luzon grid demand.

Transmission charge, taxes, and other chargers for residential customers likewise eased by ₱0.0084/kWh in May, Meralco added.