Meralco’s franchise renewal: Balancing consumer welfare and accountability

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The story "Meralco’s franchise renewal: Balancing consumer welfare and accountability" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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Meralco’s franchise renewal: Balancing consumer welfare and accountability - Business Mirror

Quick Summary:

Meralco’s recent announcement about a reduction in electricity rates offers a welcome relief amid the ongoing rise in costs that consumers are facing today.A decrease of P0.2189 per kilowatt hour (kWh) may seem modest at first glance, but for households consuming 200 kWh, this translates into approximately P44 in savings—a welcome relief for many amidst escalating prices of basic commodities and fuels.(Read the BusinessMirror story, "Power rates drop to P11.74/kWh,” January 13, 2025).

As we weigh the merits of Meralco’s franchise extension, it is crucial to consider how the company has contributed to economic growth and stability.

Meralco’s persistent efforts to educate consumers about efficient electricity usage have evidently made an impact.