Manila Electric Co.’s overall rate went up by 8.72 centavos per kilowatt-hour (kWh) in the April bill as increasing electricity demand amid the summer heat pushed up spot market prices.
This month’s increase follows two consecutive months of rate reduction caused mainly by regulator-ordered refunds that are continuing this month and helping mitigate the increase in spot prices.
The typical residential customer of Meralco, which is billed for 200 kWh, will pay an additional P17 centavos.
In April, Meralco’s overall rate increased to P8.4067 per kWh from P8.3195 per kWh in March.
The generation charge alone went up by 16.21 centavos to P4.5370 per kWh from P4.3749 per kWh last …
Keep on reading: Meralco electricity rates up in April