Electricity rates were supposed to go even higher in June, but Meralco asked some suppliers to defer scheduled increases in generation costs
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Meralco on Thursday, June 13, announced an upward adjustment of P0.6436 per kilowatt hour , bringing the overall rate for a typical household to P12.0575 per kWh from May’s P11.3139 per kWh. The increase in June was primarily due to the higher generation charge amid higher costs from the Wholesale Electricity Spot Market .
“The increase in the generation charge this month would have been higher but Meralco took the initiative to cushion the impact of the higher pass-through costs to our customers with the help from some of our suppliers which deferred the collection of portions of their generation costs,” Meralco senior vice president Jose Ronald Valles said.
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