Meralco rates likely to rise in February

ELECTRICITY RATES in Metro Manila and nearby provinces are likely to go up this month, as initial indications from Manila Electric Co. (Meralco) point to increases across several cost components.

In a statement on Monday, Meralco Spokesperson Joe R. Zaldarriaga said that although the company has yet to receive the final billings from its suppliers, there is an upward pressure on several pass-through charges.

He said the increase in the power prices in the Wholesale Electricity Spot Market (WESM) likely have contributed to the higher generation charge.