Thursday, May 23, 2024

Meralco Rates Down For The Fourth Straight Month

Meralco Rates Down For The Fourth Straight Month

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The Manila Electric Company (Meralco) announced on its monthly infomercial, Meralco Advisory, a Php 0.42 per kilowatt hour (kWh) reduction in power rates this month. The downward adjustment this month equates to Php 84 in total savings for a typical household consuming 200 kWh and represents a total net decrease of almost P1.00 per kWh since May 2019.

Meralco Public Information Office Head Joe Zaldarriaga (in photo) explained that the overall rate reduction is primarily due to lower charges from the Wholesale Electricity Spot Market (WESM), brought about by improved supply conditions in the Luzon grid. Also featured on Meralco Advisory was a testament of Meralco’s continued commitment for rural electrification and its renewable energy advocacy with the recent inauguration of Meralco’s latest solar microgrid system in Cagbalete Island, Quezon. This microgrid facility, composed of solar panels, battery storage, and generator set, will provide electricity to 600 households and businesses by the end of the year. Watch this month’s Meralco Advisory here –