Manila, Philippines—The Manila Electric Company (Meralco), the Philippines’ largest distributor of electrical power, has announced that the rate for residential customers this month will go down by 41 centavos per kWh, reducing it to P8.444 per kWh.  For a typical household consuming 200 kWh, this translates to a reduction of around P82 in its electricity bill.

According to Meralco’s Public Information Office Head Joe Zaldarriaga, the reduction was due to the downward movement in the generation, transmission, taxes, and other charges.  This month’s overall rate is lower by P1.54 per kWh compared to P9.98 per kWh in May last year.  It is also the lowest since January 2010 or over a period of six years. (Press Release)