Customers of power distributor Manila Electric Company may breathe a sigh of relief as the power distributor is expecting a lower overall household rate for April.In a rate indication advisory, Meralco Corporate Communications head Joe Zaldarriaga said that "though we have yet to finalize the final figures, indications point to overall lower power rate this month mainly for two reasons.""We see both lower generation and transmission charges," Zaldarriaga said.
"For generation charge, we see the cost of natural gas suppliers decrease partly due to lower liquefied natural gas prices," Zaldarriaga said."Transmission charges, on the other hand, may have lower costs following the Energy Regulatory Commission's order suspending the settlement in the reserve market that drove the significant increase in ancillary service charges in the March electricity rates," he added.