Meralco power rates rise this month

MANILA, Philippines, November 14 ------ Over eight million Manila Electric Co. (Meralco) customers will face higher electricity bills this month, as the company raised rates by P0.4895 per kilowatt-hour (kWh) due to higher generation charges.

The power utility giant said the overall rate for a typical household would climb to P15.5510 from P15.0615 per kWh in October. This means that households consuming 200 kWh would pay an additional P98 in their monthly bill this November. This marks the second straight month of hikes.

Meralco blamed the rate adjustment on higher generation charges, which rose by P0.4344 per kWh. Another factor contributing to the rate hike was higher taxes and other pass-through charges.

Source: inquirer.net