Meralco rates down in January 2020

The Manila Electric Company (Meralco) has announced a rate decrease in electricity for January 2020.

Meralco announced a PHP 0.41USD 0.01INR 0.59EUR 0.01CNY 0.05 per kilowatt-hour (kWh) reduction in power rates for January 2020, which is equal to PHP 82USD 1INR 118EUR 1CNY 10 in total savings for a typical household consuming 200 kWh. The company added that the overall rate is significantly lower than that of January 2019.

Meralco Public Information Office Head Joe Zaldarriaga explained that the overall rate reduction is primarily due to the cost reduction of power from Meralco’s Power Supply Agreements (PSAs).