QUEZON CITY, Philippines (Eagle News) — Meralco is set to implement an increase on its charges due to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law and also in the face of the weakening peso against dollar.
Meralco said that the increase may possibly hit P0.92 centavos per kilowatt/hour.
Meralco explained that the increase includes the new tax to be imposed on transmission charges due to the tax reform package.