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.

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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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