The Manila Electric Co. (Meralco) raised electricity rates for July by P0.3428 per kilowatt-hour (kWh), with higher generation costs accounting for more than half of the increase following the scheduled shutdown of the Malampaya gas field, higher fuel costs, and firmer Wholesale Electricity Spot Market (WESM) prices.
In a statement on Friday, Meralco said the overall rate for a typical residential customer rose to P14.8261 per kWh from P14.4833 per kWh in June.
The adjustment translates to an additional P69 in the monthly bill of a household consuming 200 kWh.
The generation charge, a pass-through component of consumers’ electricity bills, increased by P0.1800 per kWh to P9.2504 from P9.0704 in June.
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