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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