Meralco rates up in June due to refund completion

ABS-CBN News

<p>MANILA — Meralco said on Friday power rates in June would be higher after the completion of the distribution-related refund.</p><p>In a statement, the utility distributor said there would be an upward adjustment of P0.4183 per kWh in the electricity rate this month, bringing the overall rate for a typical household to P11.9112 per kWh from May's P11.4929 per kWh.</p><p>Residential customers consuming 200 kWh should expect an increase estimated to be around P84 in their total electricity bill, Meralco said.</p><p>"As anticipated, the driver of this month’s overall rate increase was the completion of the last distribution-related refund in May equivalent to P0.8656 per kWh for residential customers, the impact of which will be felt in the June bills," the utility distributor said.</p><p>From March 2021 until May 2023, Meralco implemented 4 distribution rate true-up (DRTU) adjustments totaling P48.3 billion.</p><p>“These refunds benefitted Meralco’s customers over the past two years as these helped temper increases in electricity bills at a time of financial distress and uncertainty for many,” Meralco Head of Regulatory Management Office Atty. Jose Ronald Valles said.</p><p>But Meralco said lower generation charge have mitigated the increase for the month.</p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/05/10/23/higher-electricity-bills-likely-as-spot-market-prices-rise-meralco'>Higher electricity bills likely as spot market prices rise: Meralco</a></li>	<li><a href='https://news.abs-cbn.com/video/business/05/10/23/taas-singil-sa-meralco-namumuro-para-sa-may-billing'>Taas-singil sa Meralco namumuro para sa May billing</a></li>	<li><a href='https://news.abs-cbn.com/business/03/08/23/meralco-implementing-staggered-rate-hike-up-to-may'>Meralco implementing staggered rate hike up to May</a></li></ul><p><strong>RELATED VIDEO</strong></p><figure class='op-interactive'><iframe height='315' src='https://www.youtube.com/embed/L5uwUkY0kVo?enablejsapi=1' width='560'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div>

<p>From March 2021 until May 2023, Meralco implemented 4 distribution rate true-up (DRTU) adjustments totaling P48.3 billion.</p><p>“These refunds benefitted Meralco’s customers over the past two years as these helped temper increases in electricity bills at a time of financial distress and uncertainty for many,” Meralco Head of Regulatory Management Office Atty. Jose Ronald Valles said.</p><p>But Meralco said lower generation charge have mitigated the increase for the month.</p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/05/10/23/higher-electricity-bills-likely-as-spot-market-prices-rise-meralco'>Higher electricity bills likely as spot market prices rise: Meralco</a></li>	<li><a href='https://news.abs-cbn.com/video/business/05/10/23/taas-singil-sa-meralco-namumuro-para-sa-may-billing'>Taas-singil sa Meralco namumuro para sa May billing</a></li>	<li><a href='https://news.abs-cbn.com/business/03/08/23/meralco-implementing-staggered-rate-hike-up-to-may'>Meralco implementing staggered rate hike up to May</a></li></ul><p><strong>RELATED VIDEO</strong></p><figure class='op-interactive'><iframe height='315' src='https://www.youtube.com/embed/L5uwUkY0kVo?enablejsapi=1' width='560'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div>

<p>Residential customers consuming 200 kWh should expect an increase estimated to be around P84 in their total electricity bill, Meralco said.</p><p>"As anticipated, the driver of this month’s overall rate increase was the completion of the last distribution-related refund in May equivalent to P0.8656 per kWh for residential customers, the impact of which will be felt in the June bills," the utility distributor said.</p>

<p>MANILA — Meralco said on Friday power rates in June would be higher after the completion of the distribution-related refund.</p><p>In a statement, the utility distributor said there would be an upward adjustment of P0.4183 per kWh in the electricity rate this month, bringing the overall rate for a typical household to P11.9112 per kWh from May's P11.4929 per kWh.</p>

Meralco said on Friday power rates in June would be higher after the completion of the distribution-related refund.

Meralco rates up in June due to refund completion | ABS-CBN News

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Meralco rates up in June due to refund completion

Meralco rates up in June due to refund completion