Meralco expects lower bill in March
Customers of Manila Electric Co. (Meralco) can expect to pay a lower electricity charge as the power distributor hinted at a possible rate decrease for March, according to a report by Manila Times.
“Currently, we are still awaiting the final bills from our power suppliers but based on initial projections, there is a strong likelihood that power rates for March 2021 will go down, as this will be the second consecutive month of decrease for the year,” Joe Zaldarriaga, Meralco spokesman and vice president, said in a message on Thursday.
“This projected decrease in power rates will continue the downward trend in the cost of electricity, with overall rates having decreased by more than 1 peso per kilowatt hour since the start of 2020,” he added.
Next month’s electricity charge will already include the average refund rate of P0.1528 per kilowatt hour (kWh), as part of Meralco’s distribution rate true-up.
On Jan. 27, 2021, the Energy Regulatory Commission (ERC) granted the power distributor’s petition to refund P13.88 billion to its customers within two years.
The regulator earlier said the refund covers the difference between the actual weighted average tariff (AWAT) of its distribution charge of P1.4414/kWh and Meralco’s ERC-approved distribution rate of P1.3810/kWh.
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