GOOD news for customers of the Manila Electric Company.
Meralco will implement electricity rates decrease this November
The utility firm said the November residential rate will go down to P8.26 per kilowatt-hour, a P0.0781 reduction, the lowest since January 2010.
This month’s decrease translates to a reduction of around P16 in the electricity bill of a household with monthly consumption of 200 kWh.
Meralco attributed the decrease to the downward movement in the generation charge.
This month’s overall rate is lower by P0.29 per kwh compared to November 2015’s P8.55 per kwh. This is also the fourth straight month of reduction in the overall residential rate.