• Meralco power rates to go up next month


    Manila Electric Company (Meralco) to impose higher charges to its
    consumers next month as regulators have finally given their approval
    to the power distributor’s proposed adjustment in distribution rates.

    In a decision, the Energy Regulatory Commission has allowed Meralco to
    implement adjustments in the distribution rates wherein ERC set
    Meralco’s maximum average price (MAP) for 2014 at P1.6474 per
    kilowatt-hour up by P0.0171 from P1.6303 per kilowatt-hour.

    This approved adjustment is, however, lower than the P1.6510 per
    kilowatt-hour hike initially proposed by Meralco.

    Further explanation from Meralco regarding this price hike is
    currently being sought.


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