Meralco rates seen stable in August

Power rates of Manila Electric Co., the country’s biggest distributor, will likely remain stable in August with a possibility of minimal decrease, according to a company executive.

“Currently, overall power rate movement looks to be flattish, due to improved power situation for the July supply month, stronger peso and quarterly repricing of Malampaya natural gas prices,” Meralco spokesman Joe Zaldarriaga said.

Zaldarriaga said Meralco was still waiting for the complete data and billings from power suppliers, but would announce the final rates soon. “There is a possibility for a minimal decrease in overall power rates and generation charge because of these factors,” he said.

He said there were no yellow alerts in July, and power supply was more stable compared to June, with lower demand in the Luzon grid.

Topics: Manila Electric Co. , Meralco , Power rates
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