This means customers will see their electricity rates go down by P0.0286 per kilowatthour to P8.6966 per kWh in July, the lowest rate since September 2017.
Meralco said this is equivalent to a reduction of around P6 in the total bill of residential customers consuming 200 kWh.
Meralco’s distribution, supply, and metering charges, meanwhile, have remained unchanged for 60 months, after these registered reductions in July 2015.
The power utility giant reiterated that it does not earn from the pass-through charges, such as the generation and transmission charges.
Payment for the generation charge goes to the power suppliers, while payment for the transmission charge goes to the NGCP. Taxes and other public policy charges like the Universal Charges and the FIT-All are remitted to the government.