Meralco generation, other charges to go down

from a report by Alvin Elchico, ABS-CBN News

Posted at Mar 10 2014 03:14 PM | Updated as of Mar 10 2014 11:14 PM

MANILA, Philippines - Manila Electric Co. has announced there will be a reduction of 45 centavos per kilowatt hour in this month's energy charges.

Meralco spokesperson Joe Zaldarriaga says the decrease is primarily driven by the drop in prices of power from energy suppliers, as well as from independent power producers and from the wholesale spot market.

The lower rates will be from the 33 centavos reduction in generation charges and a lower systems loss and tax charge of 12 centavos. - With ANC