Advertisement

Power rate reduction

Power rate reduction

Manila Electric Company announces that power rates decreased for the second straight month in February to P8.8623 per kilowatt-hour, the lowest level in two years. Meralco spokesperson Joe Zaldarriaga says that with the rate reduction, a typical household consuming 200 kWh monthly will experience savings of around P118 in their February 2020 bill.  The implementation of new power supply agreements starting Dec. 26, 2019 helped bring down the generation charge. These PSAs were secured after a successful competitive selection process under the guidance of the Department of Energy and the expeditious provisional approval of the Energy Regulatory Commission.

Topics: Power rate reduction , Manila Electric Company , Meralco
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementKPPI
Advertisement