Meralco hikes rates in May | ABS-CBN

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Meralco hikes rates in May

Meralco hikes rates in May

ABS-CBN News

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Line men from an electrical contractor check electric meters at the Divisoria area in Manila on September 12, 2022.  Jonathan Cellona, ABS-CBN NewsMANILA -- Meralco is raising power rates in May.

In a statement, the power distributor said electricity rates are rising by P0.46 per kilowatt-hour because prices have risen in the wholesale electricity spot market.

This means electricity bills are rising by the following amounts:

200kwh    P92 
300kwh    P139 
400kwh    P185 
500kwh    P231

The Energy Regulatory Commission (ERC) has said that power rates may spike after the Red and Yellow Alerts were issued amid the recent power shortages.

More details to follow. 

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