Meralco hikes rates for 3 straight months - News Summed Up

Meralco hikes rates for 3 straight months


MANILA, Philippines — The overall rates of Manila Electric Co. (Meralco) increased for three months in a row, the latest by 7.98 centavos per kilowatt-hour in the May bill mainly due to higher prices at the spot market. This means an additional expense of P16 for a typical residential customer of Meralco, which is billed for 200 kWh. ADVERTISEMENTSince April, the increases in Meralco rates have accumulated to a total of 35.32 centavos per kWh. For June, the generation charge increased by 6.98 centavos to P4.6171 per kWh from P4.5474 per kWh in April. Higher transmission chargeFor June, Meralco is getting 52 percent of its supplies through power supply agreements and 42 percent from IPPs.


Source: Philippine Daily Inquirer June 11, 2021 21:32 UTC



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