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Manila Electric Co. (Meralco) will implement a new round of rate hikes in the November billing cycle at P0.4895 per kilowatt-hour. The power distribution giant said this was due to elevated power costs amid a weakening of the Philippine peso and the monthslong war in the Middle East. Meralco said on Friday the overall rate
Over eight million customers of Manila Electric Co. (Meralco) should brace for higher electricity bills in November as rising generation costs push power rates up for the second straight month.
MANILA, Philippines — Over eight million Manila Electric Co. (Meralco) customers will face higher electricity bills this month, as the company raised rates by P0.4895 per kilowatt-hour (kWh) due to higher generation charges. The power utility giant said the overall rate for a typical household would climb to P15.5510 from P15.0615 per kWh in October.
Driving this month’s overall rate increase was the generation charge which went up due to higher costs of power suppliers still affected by the peso depreciation and the crisis in the Middle East
Customers of the Manila Electric Company (Meralco) should brace for higher electricity bills this month as the power distributor hiked its household rate due to higher generation costs.
