THE Manila Electric Co. (Meralco) has announced a rate increase of P0.1338 per kilowatt hour (kWh) for August.
In a statement on Tuesday, Meralco attributed this to a higher generation charge from month on month or from P3.9385/kWh in July to P3.9763/kWh in August.
It also reflects the refund of over-recovery on pass-through charges between January 2014 and December 2016, amounting to about P6.9 billion.
For example, for those who consume 200kWh a month, the August rate will translate to a P26 increase; for 300kWh, P39; for 400kWh, 52; and for 500kWh, P65.
JORDEENE SHEEX LAGARE