Photo credit: Meralco

In a significant development, Meralco announces a reduction of nearly P1 in electricity rates for this month's billing cycle.

This reduction comes as a result of substantial decreases in generation and transmission charges, enabling customers to almost recoup their costs from the elevated charges experienced in the first quarter of the year.

Despite this positive news, Meralco emphasizes the importance of prudent electricity usage, especially during the summer months, when consumption typically spikes.