Customers of Manila Electric Co., the country’s biggest power distributor, can expect their electricity bills to go up by 27 centavos per kilowatt-hour this month due to increases in the generation, transmission and other charges.
Power consumers should brace for higher electricity rates, starting March, as the Energy Regulatory Commission has allowed the state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to collect P53.58 billion worth of so-called stranded contract costs.
Power consumers will have to brace for further hikes in their electricity bills if the state-run National Power Corp. is allowed to recover money used as higher yearly subsidies worth a total of P87 billion between now and 2016.
Power consumers should brace for higher electricity rates starting May, after the state-run National Power Corp. was allowed by a regulator to jack up its generation charge in Luzon by 69.04 centavos per kilowatt-hour (kWh), Visayas by 60.60 centavos per kWh and Mindanao, by 4.42 centavos per kWh.
