Meralco Lowers Rates for Second Time in 2022

Meralco said Tuesday it would lower power rates for the second time this year, giving some breathing space to household budgets.

The power utility said it was implementing a P0.1185 decrease per kilowatt-hour (kWh) this February, citing the lower cost of buying electricity that it distributes to consumers.

This is equivalent to a bill reduction of around P24 for a typical household consuming 200 kWh.

In January, Meralco also lowered its power rates after a series of increases for most of 2021 due to higher costs of buying electricity distributed to consumers.

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