Stronger Peso Seen to Cut Meralco Rates in Sept. - BusinessWorld Online

Stronger peso seen to cut Meralco rates in Sept. - BusinessWorld Online

By Sheldeen Joy Talavera, Reporter POWER DISTRIBUTOR Manila Electric Co. (Meralco) expects a lower overall rate this month, as a stronger peso is seen to have brought down the cost of power purchased from its suppliers. “We expect lower generation charge to pull down the overall rate this September,” Meralco Vice-President and Head of Corporate Communications Joe R. Zaldarriaga said in a statement on Tuesday. The potential easing in the generati…

Meralco rates likely lower in September

Following a two-month increase, Meralco’s electricity rate is expected to go down this month due to a potential decline in generation charges.

Meralco: Lower electricity rates expected for Sept

MANILA, Philippines — Manila Electric Company (Meralco) said on Tuesday that electricity rates would go down this month, compared to August due to an expected lower generation charge brought by a stronger Philippine peso against the US dollar."We expect a lower generation charge to pull the overall rate downwards this September," Joe R. Zaldarriaga, Meralco vice president and head of Corporate Communications, said in a statement."This developmen…