Manila Electric : Third Straight Month Of Power Rate Reduction
October 14, 2016 at 11:19 am IST
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Meralco announced that electricity rates for a typical household went down this October by Php 0.1216 per kilowatthour (kWh) for its residential customers. Households consuming 200 kWh will experience a reduction of around Php 24 in their electricity bill. Meralco Public Information Office Head Joe Zaldarriaga (in photo) explained that the overall rate decrease was due to downward movements in both generation and transmission charges. He added that this is the third straight month of overall rate decreases. The rate decreases reaffirm a recent survey released by the International Energy Consultants, showing that Meralco's average rates (excluding VAT) have declined 28 percent since January 2012. Meralco customers were also able to save around Php 30 billion in power costs due to lower distribution charge, lower system loss and Meralco's sourcing strategy.
Meralco - Manila Electric Company published this content on 14 October 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 October 2016 05:49:02 UTC.
Original documenthttp://www.meralco.com.ph/news/2016/10/third-straight-month-of-power-rate-reduction
Public permalinkhttp://www.publicnow.com/view/1CFABC84EA293505A595E7EE751D7D26B67CB547
Manila Electric Co. is an electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. The Company operates through two segments: Power and Other Services. The Power segment consists of electricity distribution, power generation and rental electricity services (RES). Electricity distribution includes electricity distribution and supply of power on a pass-through basis covering all captive customers in the MERALCO and the Clark Electric franchise areas in Luzon. The other services segment is involved principally in electricity-related services, such as, electro-mechanical engineering, construction, consulting and related manpower services, e-transaction and bills collection, telecommunications services, rail-related operations and maintenance services, insurance and re-insurance, e-business development, power distribution management, energy systems management and harnessing renewable energy, construction, and leasing of communication towers.