Meralco rates to go down this month

meralco meter

The Manila Electric Company (Meralco) recently announced that starting May this year, electric power consumers will enjoy cuts in billings at the rate of 12 centavos per kilowatt hour (kWh).

For households consuming  100 and 200 kWh a month,  this translates to P5.65 and P23.70 cut in power bills, respectively.

Households whose usage reach 300 and 400 kWh monthly will enjoy reductions of P35.55 and P47.40, respectively.

The power rate reduction was made possible by lower transmission charges from the National Grid Corporation of the Philippines plus lower value added and local franchise taxes, lower systems loss charge, and lower life line rate subsdy.

However, the generation charge, or the cost of power sourced by Meralco from its suppliers, registered an increase of 8 centavos per kWh to P5.47 per kWh during the April supply month. The cost of power consumed in a given month, say April, is billed to end-consumers the following month, or in this case, May.

This month’s generation charge, however, was 13 centavos lower than that reported in May 2012.

Meralco said that with the onset of summer, demand for power climbed to record levels during the April supply month.

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