Power distributor Manila Electric Co. announced Wednesday a number of developments that would result in a net reduction in consumers' January electric bills totaling 27 centavos per kilowatthour.

“We will be implementing changes in the generation, transmission, and distribution charges. For our consumers, this will mean a net reduction of around 27 centavos per kWh in their electric rates,” according to Meralco spokesman Joe Zaldarriaga

The utility body said that initial indications point to a 20 centavo per kWh reduction in the generation charge.

“Power purchased from the National Power Corporation (Napocor) and independent power producers (IPPs) went down 30 centavos per kWh and an estimated 24 centavos per kWh, respectively. These more than offset higher rates from the Wholesale Electricity Spot Market (WESM),” said Zaldarriaga.

Meralco sourced around 41 percent of its supply from Napocor, 35 percent from First Gas Power Corp., and 12 percent from Quezon Power Phils Ltd. The remaining 12 percent came from the WESM, the country's trading floor of electricity. - PNA

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