Meralco: Power costs dropping by P0.72/kWh

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“We have good news for July because we have a significant reduction in electricity rates of P0.72 per kWh for this month,” Meralco spokesperson Joe Zaldarriaga said. READ MORE:

Meralco’s overall rate for a typical household went down to P11.1899 per kWh in June from P11.9112 per kWh last month.

“The higher the consumption, the bigger the reduction. The main driver is the reduction in generation of P0.64 per kWh,” Zaldarriaga said. “So far we saw two factors that will move the August generation charge. First, demand went up, especially in the last week of July.

 

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