Meralco asked to explain rate outlook - News Summed Up

Meralco asked to explain rate outlook


THE Department of Energy (DoE) has asked Manila Electric Co. (Meralco) to explain the rationale for projecting that electricity rates could rise by 8 centavos per kilowatt hour (kWh) as early as February. Cusi said the letter was not sent “out of disrespect, disbelief or whatever you say,” but to clarify the matter, so it could properly inform power consumers of Train’s impact on electricity rates. “The consumer cannot ask them how they calculated the estimated power rate hike… I represent the consumer and then I ask,” the Energy chief said. I cannot say power rates could increase by 8 centavos per kWh, he added. Cusi’s statement came after Meralco Vice President and Head of Utility Economics Lawrence Fernandez said earlier this week that power consumers could expect a “staggered” impact of the new excise tax rates on coal under Train on their electricity rates.


Source: Manila Times January 12, 2018 17:26 UTC


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