POWER distributor Manila Electric Co. (Meralco) expects a reduction in the cost of power procured from suppliers for the January billing cycle due to lower electricity prices at the spot market, a company official said on Thursday.
“Indications show a possible decrease in the generation charge in our customers’ bills this January,” Meralco Vice-President and Head of Corporate Communications Joe R. Zaldarriaga said in a Viber message.
The generation charge usually makes up more than 50% of the monthly electricity bill.
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