Meralco rates going down this monthMeralco spokesman Joe Zaldarriaga said the refund, equivalent to P0.59 per kilowatt-hour (kWh) for residential customers, should cushion the impact of other upward adjustments in the month’s billing. MANILA, Philippines — Over eight million Manila Electric Co. (Meralco) customers may see lower electricity bills this month as the utility giant begins rolling out its P9.5-billion refund. Meralco spokesman Joe Zaldarriaga said the refund, equivalent to P0.59 per kilowatt-hour (kWh) for residential customers, should cushion the impact of other upward adjustments in the month’s billing. The underrecoveries, covering generation and transmission charges, system loss and taxes, will be collected at P0.08 per kWh each month over three years. Meanwhile, FIT-All, a uniform charge that supports renewable energy projects, will rise to P0.3359 per kWh this month from P0.2011 per kWh.