Economy
Meralco consumers brace for higher power rates in June
Manila Electric Co. (Meralco) announced that electricity rates will increase by P0.1488 per kilowatt hour (kWh) for June, primarily due to higher generation charges, raising concerns about increased household expenses.
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- Meralco Hikes June Billing Rates Amid Tight Luzon Grid Supply
Manila Electric Company (Meralco) announced an increase of P0.1488 per kilowatt-hour (kWh) for its June billing. This hike is attributed to soaring prices in the wholesale electricity spot market (WESM) due to tight supply conditions in the Luzon grid during May.