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Hike in net metering rates to raise power cost – Meralco

Hike in net metering rates to raise power cost – Meralco
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Meralco rates up by P0 2353/kWh in July billing

Published July 9, 2021, 1:20 PM The customers of Manila Electric Company (Meralco) will have to brace for higher electric bills this month, as the utility firm’s overall tariff had been up by P0.2353 per kilowatt hour to P8.9071 per kWh versus P8.6718 per kWh in June. For residential end-users in the typical consumption bracket of 200 kilowatt-hours, this will amount to aggregate increase of P47 in this billing cycle. The power firm said the upward adjustment had been “mainly a result of persistently high charges in the Wholesale Electricity Spot Market WESM)” as based on settlement prices logged in the last supply month.

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