• Meralco power rates to go up next month

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    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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