MANILA -Low generation charge once again pulled down Manila Electric Co.'s (Meralco) electricity rate in the July billing period by P0.7213 per kilowatt-hour (kWh), bringing a typical household's overall electricity rate to P11.1899 per kWh from P11.9112 per kWh in June. Residential customers consuming 200 kWh a month can expect a decline of around P144 in their total bill, according to Meralco. This month's rate decline ends a two-month streak of rate hikes due to high demand in the dry season and the expiration of a series of distribution-based refunds. Generation charge, or the cost of power purchased from suppliers that accounts for more than 50 percent of a customer's total...Keep on reading: Meralco cuts July power rate by P0.7213/kWh