MERALCO customers can expect a possible decrease in their household power rates this month.
“Initial indication shows a possible decrease in the generation charge in the October billing,” Meralco stated.
“This is primarily driven by lower WESM (Wholesale Electricity Spot Market) charges as prices went down due to reduced demand brought about by cooler temperatures in the September supply month,” it added.
The expected decrease in Meralco’s household rate follows a power cost increase in September due to a higher transmission charge for residential customers.
metrosundaily
