Meralco cuts electricity rates by P0.11/kWh for June billing

Meralco is reducing its electricity rates by P0.11 per kilowatt-hour for the June billing period, marking the second consecutive month of price decreases.

This rate reduction is primarily driven by a decrease in the generation charge, which fell by P0.1099 per kWh to P7.3552 per kWh.

Charges from Power Supply Agreements (PSAs) fell by P0.3699/kWh and from Independent Power Producers (IPPs) by P0.1034/kWh.

A decrease in the Wholesale Electricity Spot Market (WESM) charges by P0.6342/kWh also contributed to the rate rollback.

These price drops more than offset an increase in transmission charges, which went up by P0.0214/kWh due to higher ancillary service charges from NGCP.

Other charges, including taxes, registered a net decrease of P0.0191 per kWh.

A typical household consuming 200 kWh can expect a decrease of approximately P22 in their June electricity bill.

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