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Meralco power rates to rise this month

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Meralco
File photo of the Meralco logo

Manila Electric Co. (Meralco) has announced an increase in the overall electricity rates for August at P10.2190 per kilowatt-hour (kWh), or P0.0265 higher than the previous month’s P10.1925 per kWh.

The company attributed the higher rates for the month to the increase in the charges in its power supply agreements (PSAs), which pushed up the generation charge, the biggest component of consumers’ monthly bill at nearly 60%.

For a typical household using 200 kWh, the adjustment means a rise of P5 in their total monthly bill. The corresponding increase for those using 300 kWh, 400 kWh and 500 kWh is P7.95, P10.60 and P13.25, respectively. — Victor V. Saulon