Consumers of the Manila Electric Co. (Meralco) will experience lower rates for July as the average household’s overall rate went down by P0.7067 per kWh following the refund ordered by the Energy Regulatory Commission. Read more👇
The July rate reduction effectively reversed all increases in the overall power rates since the start of the year.
ERC earlier directed Meralco to implement an additional Distribution True-Up refund totaling P21.8 billion for 12 months or until the amount is fully refunded.ERC recalculated the difference between the Actual Weighted Average Tariff and the final Interim Average Rate of P1.3522 per kWh from July 2015 to June 2022, following a downward adjustment in Meralco’s Regulatory Asset Base for the 3rd Regulatory Period.
Meralco’s generation charge for July went up by P0.2166 to P6.7756 from the P6.5590 per kWh registered the previous month, driven by higher spot market rates and an increase in power supply agreements charges.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Meralco cuts July rates by 70.67 centavos per kWhThe Manila Electric Co. (Meralco) will cut its rates in July by 70.67 centavos in compliance with the order of the Energy Regulatory Commission to refund power consumers P21.8...
Baca lebih lajut »
Refund pulls down Meralco rates in July billingOwing primarily to the new batch of refund ordered by the Energy Regulatory Commission, customers of Meralco will benefit from a rate cut of P0.7067 per kilowatt hour (kWh) in this July billing cycle, as its all-inclusive rate went down to P9.745 per kWh
Baca lebih lajut »
2022 Pinoy K-pop Star finals set on July 16The “2022 Pinoy K-pop Star: Hail the Icons” finals will be held on July 16 with 10 participants in the vocal and performance categories.
Baca lebih lajut »
Lagdameo burial set on July 19Former Jaro Archbishop Angel Lagdameo will be laid to rest on July 19.
Baca lebih lajut »