The Manila Electric Company (Meralco) will implement a rate hike this November, attributing the increase to rising generation costs. This adjustment will result in an additional charge of P0.49 per kilowatt hour (kWh) for customers.
According to Meralco's announcement, the price increase is driven by higher generation charges stemming from increased costs of natural gas and a weaker Philippine peso against the US dollar.
For customers consuming around 200 kWh per month, this means an additional charge of approximately P98 on their total electric bill.
Frequently Asked Questions
What is the reason for the Meralco rate increase?
The increase is due to higher generation costs primarily driven by the rising prices of natural gas and the depreciation of the peso against the US dollar.
How much will the rate increase add to the electricity bill?
The increase will be P0.49 per kilowatt hour, resulting in about P98 more for customers who use 200 kWh monthly.
When will this rate increase take effect?
The new rates will be implemented this November.
Reporting by Jeff Malate for Rapport Philippines. This report was prepared from available source material and reviewed for factual consistency. Further verified updates will be added as the newsroom receives them.