Meralco rates to dip by P0.0428/kWh in August

MANILA, Philippines — After two straight hikes, Manila Electric Co. (Meralco) will implement a slight reduction in power rates this month, with the initial rollout of the P9.5-billion refund helping temper upward adjustments in other bill components. In a media briefing on Monday, the power distributor said power rates would dip by P0.0428 per kilowatt-hour