Meralco hikes electricity rates by 24.5¢/kWh

Meralco hikes electricity rates by 24.5¢/kWh

Manila Electric Co. (Meralco) will raise power rates by 24.5 centavos per kilowatt-hour this month to reflect the increases in the generation, transmission and system loss charges.

If you consume 100 kWh every month expect an increase of P17.77 in your monthly power bills while those using up 200 kWh and 300 kWh will have to pay an additional P47.40 and P71.10, respectively, according to Lawrence S. Fernandez, assistant vice president and head of utility economics of Meralco.

If you consume 400 kWh monthly you will have to pay another P94.80 for your November power bills, Fernandez said on Friday.

The hike in the generation charge to P5.63 per kWh can be attributed to the increases in the cost of electricity bought from the wholesale electricity spot market (WESM), whose rates rose by P2.30 per kWh, and from state-run National Power Corp. (Napocor), which registered a 15-centavo-per-kWh rise in its rates.

source Inquirer