MANILA, Philippines – Consumers of Manila Electric Co. (Meralco) are welcoming the new year with cheaper power rates as the electricity distributor announced a new rate cut for January. In a briefing Monday, the company said electricity rates this month would be slashed by P0.1637 per kilowatt hour (kWh), bringing down the overall rate for a typical household to P12.9508 per kWh. READ: Meralco to procure 200-MW renewable energy  This means that a typical household consuming 200 kWh a month would see a reduction of about P33 in their electricity bill. “While there were upward pressures on certain cost components […]... Keep on reading: Meralco cuts power rates this January