Meralco slashes power rates for 2nd straight month in March By TED CORDERO, GMA News Published March 9, 2021 11:03am Customers of the Manila Electric Co. (Meralco) can expect lower monthly electricity bills this month as the distribution utility is slashing anew the electricity rates, reflecting the government-mandated refund to its consumers. On Tuesday, Meralco said it is reducing household power rates by P0.3598 per kilowatt-hour (kWh), bringing the overall rate to P8.3195/kWh in March from P8.6793 in February. This is the second consecutive month that the power distribution firm implemented rates reduction. The P0.3598/kWh rate rollback is equivalent to a decrease of around P72 in the total bill of residential customers consuming 200 kWh.