00:00Good news, because this October, 36 centavos per kilowatt-hour will be reduced in Meralco's electricity.
00:07This means that 72 pesos will be reduced for those who consume 200 kilowatt-per-hour,
00:13108 pesos for those who consume 300 kilowatt-per-hour,
00:17143 pesos will be reduced for those who consume 400 kilowatt-per-hour,
00:23while 179 pesos for those who consume 500 kilowatt-per-hour.
00:28This is a reduction in the generation charge
00:31because of the lower cost from the wholesale electricity spot market.
00:37If now, we have a reduction of 35 centavos per kilowatt-hour in overall rates,
00:43the overall reduction would be around 68 centavos
00:46if the Malang Fire Consortium did not allow the reduction of the additional cost.
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