Consumers can heave a sigh of relief as the Energy Regulatory Commission rejected the petition of the state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to collect another P65 billion worth of so-called stranded debts.
Customers of Manila Electric Co. (Meralco), the country’s biggest power distributor, can expect another increase in their electricity bills this month as the generation charge component has risen by 28 centavos per kilowatt hour to P6.7397.
Customers of Manila Electric Co., or Meralco, the country’s biggest power distributor, can expect their electricity bills to increase this month as the generation charge component rose by 32 centavos per kilowatt-hour to P6.4549 per kWh.
President Benigno Aquino III on Friday expressed doubts about the power rate increase that the Energy Regulatory Commission had recently approved for implementation in the Visayas, and said that a review of the decision was in order.
Customers of Manila Electric Co., the country’s biggest power distributor, may expect a hike in their electricity bills this month, as the cost of power sourced from its suppliers increased in January.
Major players from key industries in the Philippines have rallied together calling on President Benigno Aquino III to lay down a roadmap that will stem the rising cost of electricity in the country.
