Published February 17, 2021, 3:59 PM The Manila Electric Company (MERALCO) announced Feb. 8 a downward adjustment of power rates as the overall rate for a typical household decreased by P0.0704 per kWh, from last month’s P8.7497 per kWh to P8.6793 per kWh this February. This is equivalent to a decrease of around P14 in the total bill of residential customers consuming 200 kWh. This month’s overall rate is also P0.1830 per kWh lower than February 2020’s rate of P8.8623 per kWh. This month’s rate still includes the ERC-approved adjustments for MERALCO’s pass-through over/under-recoveries for the period January 2017 to December 2019. In an Order released 29 December 2020, ERC directed MERALCO to refund over-recoveries in transmission and other charges over a period of approximately three (3) months until fully refunded and to collect an under-recovery in the generation rate for approximately twenty-four (24) months until fully collected. MERALCO implemented the ERC-approved adjustments starting January 2021 billing. The initial impact to residential customers is a net refund of around P0.1150 per kWh.