(Eagle News) — The Manila Electric Company (Meralco) warned the public that there will be an increase in power rates this summer season due to growing electricity demand amid the heat.
Meralco said the tight supply of electricity was due to the outage of several large power plants this dry season.
The power distributor said this led to an increase in the price of electricity in the wholesale electricity spot market.
Last month, electricity rates increased by P0.97 per kWh, although only an P0.85 per kWh increase was implemented to cushion the impact of the higher electricity rates on consumers. The remaining P0.12 per kWh will be reflected in the April bill, according to Meralco.