(UPDATE) POWER rates will go down this month because of expected lower generation charge brought on by a stronger Philippine peso against the US dollar, Meralco said on Tuesday.
“We expect a lower generation charge to pull the overall rate downward this September. The expected decrease is mainly due to the stronger Philippine peso against the US dollar, which affected the costs of Meralco suppliers that are dollar-denominated,” said Meralco Vice President and Head of Corporate Communications Joe Zaldarriaga in a statement.
“This development was able to more than offset the cost recovery of SMC Global Power Holdings Corporation for its terminated contracts, the implementation of which was given the go-ahead by the Energy Regulatory Commission and began this month. Overall, we are optimistic that the reduction in the generation charge will be able to offset increases in other bill components. We’re set to announce the actual rate adjustment tomorrow,” he added.
In August, Meralco announced a rate increase of P0.6268 per kilowatt-hour (kWh) due to higher generation and transmission charges, bringing the overall rate for a typical household to P13.2703 per kWh from P12.6435 per kWh in July., This news data comes from:http://www.ycyzqzxyh.com
Meralco expects drop in power rates this month thanks to stronger peso
Meralco expects drop in power rates this month thanks to stronger peso
- North Korean leader inspects new missile factory ahead of visit to China
- Wildfires producing 'witches' brew' of air pollution – UN
- Manila mayor warns against mobs, orders police to maintain peace and order
- Israel warns Hamas to surrender or face 'annihilation'
- Transport chief pushes shame campaign vs errant motorists
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Seoul says over 300 South Koreans held in US battery plant site raid
- Fire breaks out in Manila residential area
- Hope dwindles for survivors days after deadly Afghan quake
- 95 IMAGES OF MARY
