Meralco announces lower power rates in May

By Manila Standard Business – May 16, 2020 at 10:13 am

Manila Electric Company (Meralco) announced a P0.25-per-kilowatt hour (kWh) reduction in power rates in May.

“The downward adjustment this month equates to P50 in total savings for a typical household consuming 200 kWh,” Meralco said in a statement.

Meralco public information office head Joe Zaldarriaga said the overall rate reduction is primarily due to the invocation of the force majeure provision in its power supply agreements (PSAs) during the lockdown that had reduced fixed charges for generation capacity that would have been charged by the suppliers.

He said to help consumers this billing month, unpaid bills with due date from March 1 to May 15 (bill date from Feb. 21 to May 6) would be converted into four equal monthly installments.

For inquiries and clarifications on their bills, customers may visit Meralco’s business centers, call its call center at 16211, or send messages to social media accounts on Twitter (@meralco) and Facebook (www.facebook.com/meralco).