Meralco rates up again by P0.85/kwh this month 30 SHARES Share it! Share TweetBy Myrna VelascoFor the second time this quarter, the power rates of Manila Electric Company (Meralco) jumped again by P0.85 per kilowatt-hour (kwh) this billing cycle mainly due to the hike in generation charge. The utility firm announced that this month’s power rate hike should have been at a higher rate of P0.97 per kwh, but it opted to defer the P0.12 per kwh again to cushion the impact on consumers. Meralco indicated that the generation charge is higher by P0.7424 per kwh, but on the decision to stagger the rate hike anew, only P0.6414 per kwh will be reflected this month. “The difference shall be implemented in the April billing,” Meralco said, while expounding that the generation charge component in this billing month jumped to P5.2962 per kwh from the February level of P4.6548 per kwh.

Source: Manila Bulletin March 09, 2018 15:56 UTC