Meralco announces power rate hike for October

Following a reduction last month, the Manila Electric Co. (Meralco) announced an upward adjustment in its overall power rate for October, primarily driven by a higher generation charge.

- By GABRIELL CHRISTEL GALANG

In a statement, Meralco said on Monday, Oct. 13, that consumers will see a ₱0.1852 per kilowatt-hour (kWh) increase this month, which would raise the overall charge for a typical household to ₱13.3182/kWh.

Consumers using 200 kWh will see a ₱47 increase, 300 kWh users around ₱70, 400 kWh about ₱93, and 500 kWh roughly ₱117.

This month's price spike was driven by an increase in the generation charge by ₱0.1903/kWh, as rates from Independent Power Producers (IPPs) and Power Supply Agreements (PSAs) climbed.

IPP charges have gone up by ₱0.3622/kWh, while PSA rates saw an upward change of ₱0.3567/kWh.