Meralco rates lower by 36 centavos/kWh in Oct.
Manila: After three straight months of power rate hikes, the Manila Electric Company (Meralco) on Friday announced lower electricity rates in October. In a statement, Meralco said the rate this month will decrease by PHP0.3587 per kilowatt hour (kWh) to PHP11.4295 per kWh from PHP11.7882 per kWh in September. Lower charges from the Wholesale Electricity Spot Market (WESM) have driven the reduction in electricity prices this month. ‘WESM charges decreased by PHP5.1001 per kWh following the completion last month of the collection of deferred May 2024 costs ordered by the Energy Regulatory Commission,’ Meralco said. ‘Also contributing to the reduction