Meralco rates down by P0.7213/kWh

The cost downswing will pare the utility firm’s overall rates pass-on to P11.1899 per kWh from P11.9112 per kWh that had been reflected in the bills last month.

“Lower spot market prices reduced the imposition of the secondary price cap to only 9.21-percent of the time from 28.28-percent,” the company said. The fraction of supply secured from the IPPs stood at 37-percent while the lion’s share came from PSAs with the other generation companies at 48-percent.

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