Manila, May 22 -- Residents of this city will see a drop of PHP0.8990 per kilowatt hour (kWh) in their electricity bills this May, mainly due to the lower generation and transmission charges and cheaper rate at the spot market.

Roel Castro, president and chief executive officer of Primelectric Holdings Inc. -the parent firm of MORE Electric and Power Corporation (MORE Power), the city's distribution utility-said the reduction is primarily due to volatile generation charges and their decision to tap into the Wholesale Electricity Spot Market (WESM), where prices were significantly lower this month.

"Generation is really volatile that it changes from month-to-month, in fact, day-to-day. That is the biggest influence when it comes to our p...