DZRH Logo
Meralco announces rate hike in July
Meralco announces rate hike in July
Nation
Meralco announces rate hike in July
by Mary Antalan16 July 2024

Households in Metro Manila will have to pay more in electricity bills in July as Manila Electric Co. (Meralco) announced an increase of P2.1496 per kilowatt hour (kWh) from P1.9623 per kWh in June.

According to Meralco's advisory, the overall electricity rate for a typical household will be P11.6012 per kWh, higher than the P9.4516 per kWh from the previous month.

This means the electricity bill for July will increase by the following amounts:

  • 200 kwh - P430
  • 300 kwh - P645
  • 400 kwh - P860
  • 500 kwh - P1,075

Meralco ascribed the adjustment to the generation charge, which jumped by P2.0021 per kWh as prices in the Wholesale Electricity Spot Market (WESM) were stabilized following the Energy Regulatory Commission's (ERC) decision for a staggered collection of previous prices.

Advertisement

Meanwhile, Meralco said that the order is different from the ERC approving its request to split the collection of around P500 million in generation costs in May 2024 over a period of four months, ending in September 2024.

“We again appeal for the understanding of our customers over the delayed bills as we sought guidance from the ERC on the implementation of this month’s rate adjustment.,” Meralco vice president and head of corporate communications Joe Zaldarriaga said.

“Rest assured that Meralco will adjust the due dates to give our customers enough time to settle their bills,” he added.

Share
Related Topics
listen Live
DZRH News Live Streaming
Home
categories
RHTV Link
Latest
Most Read