Meralco Sept rates to fall as stronger peso lowers costs
The Manila Electric Co. (Meralco) announced on Tuesday its electricity rates for September will drop, primarily driven by the Philippine peso’s improved performance against the US dollar. Joe Zaldarriaga, Meralco’s vice president and head of corporate communications, explained that a stronger peso reduces the dollar-denominated costs incurred by the company’s power suppliers. This favorable foreign [...]The post Meralco Sept rates to fall as stronger peso lowers costs appeared first on Malaya Business Insight.
