Lower Electricity Rates For January, But Higher In The Following Months
Despite the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, consumers can expect a lower electricity bill this month.
Meralco announced that it is lowering its electric consumption rate by ₱0.52 centavos this month due to the low generation charges. The decrease in electricity bill for January equates to at least ₱105 per month for a household that typically consumes 200-kilowatt hours (kWh) a month. Those who consume 500 per kWh will save more than ₱260.
However, starting February, households may have to pay an additional ₱16.16 on top of their monthly bill. This is when the brunt of the TRAIN law will start affecting the resources of Meralco. It increased the taxes on petrol, from 0 to ₱2.5 per liters. Meanwhile, taxes for coal increased from ₱10 to ₱50 per metric ton. Meralco’s electricity comes from 32% coal, while 0.9% came from oil as of November 2017.
Due to this, Meralco reminded the public to practice energy efficiency tips to manage their electric consumption. As we get closer to the summer season, people are encouraged to unplug their appliances if not in use, set air-cons at mid-setting, utilize a power board, and maximize the use of natural light in the morning.