Meralco raises electricity rates for September | Inquirer Business

Meralco raises electricity rates for September

/ 01:32 PM September 08, 2022

After reducing electricity rates for two consecutive months, listed power distributor Manila Electric Co. on Thursday announced an increase of P0.3907 per kilowatt-hour for September.

This brings the overall rate to P9.9365 per kWh from P9.5458 per kWh in August.

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“For residential customers consuming 200 kWh, this is equivalent to an increase of around P78 in this month’s power bills,” said Meralco in a statement.

For this month, generation charge rose by P0.3581 per kWh to P6.9393 per kWh from P6.5812 per kWh.

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Meralco attributed the increase to fuel costs and weaker Philippine peso.

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TAGS: electricity rates, fuel costs, generation charge, Meralco, weak peso
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