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Customers of the Manila Electric Company should brace for higher electricity bills this month as the power distributor hiked its household rate due to higher transmission costs.In an advisory, Meralco announced it is increasing its electricity rate by P0.1543 per kilowatt-hour , bringing the overall rate for a typical household to P11.7882 per kWh in September from P11.6339 per kWh in August.
"This already factored in the final of four installments of deferred May 2024 WESM costs earlier ordered by the Energy Regulatory Commission ," it said.Meralco said PSAs, WESM, and IPPs accounted for 46.2%, 27.3%, and 26.4% of its total energy requirement for the period.The company reiterated its earlier advisory that customers should expect an increase in generation costs from First Gas – Sta.
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