Power utility giant Manila Electric Co. (Meralco) will slash the overall power rate for a typical household by P24 in the total bill in May.
Meralco said the overall rate for a typical household or those that consume 200 kilowatt-hours (kWh) would decline to P10.0630 per kWh for the month of May from P10.1830 per kWh in April.
The power firm attributed the lower overall rates to the distribution-related refund which offset the generation charge increase.
“As a highly regulated entity, Meralco’s rates are constantly being reviewed to make sure they are fair and reasonable,” said Atty. Jose Ronald V. Valles, Meralco head of Regulatory Management.
“The immediate implementation of the ERC’s order more than offset the impact of the increase of the generation charge this month, benefitting Meralco customers,” added Valles.
The Energy Regulatory Commission (ERC) earlier ordered Meralco to refund a total of P7.8 billion to its customers following the validation of its 3rd regulatory period (3RP) tariffs for the period July 2011 to June 2015.
The refund of distribution-related charges is equivalent to P0.4669 per kWh for residential customers and will appear as a separate line item in customers’ power bills.
Meralco’s generation charge for May went up by P0.3553 to P6.2277 per kWh from the P5.8724 per kWh registered the previous month.