Economy
Meralco rates rise in November due to higher generation costs
Manila Electric Co. (Meralco) announced a P0.4895 per kWh electricity rate hike for November, citing rising generation costs and peso depreciation. The increase will affect over eight million customers, adding to household expenses.
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- Meralco rates up in November amid peso drop, Middle East crisis
Manila Electric Company (Meralco) announced an upward adjustment of P0.4895 per kilowatt hour (kWh) in electricity rates for November, primarily driven by a depreciating peso and escalating costs from the Middle East crisis impacting fuel prices.