The typical residential customer of Meralco, which is billed for 200 kWh, will pay an additional P37. ADVERTISEMENTIn May, Meralco’s overall rate increased to P8.592 per kWh from P8.4067 per kWh in April. Meralco said this was due to the restricted supply of Malampaya natural gas, which many of these suppliers use in their generators. Also, prices at the Wholesale Electricity Spot Market remained high due to tight supply conditions. Joe Zaldarriaga, vice president of Meralco, said the increase in electricity costs this month was also tempered by the continuing implementation of distribution rate true-up refund in March.

Source: Philippine Daily Inquirer May 07, 2021 21:33 UTC