Meralco on Friday (July 6) announced that power rates will be up by P0.31 per kilowatt hour this month of July.
This is equivalent to an additional P62 to a household consumption of 200 kWh per month. Those consuming 500 kWh per month will have an additional P155 pesos on their July billing.
Meralco said the power rate hike is due to the foreign currency differential adjustment (FCD). – Mon Jocson / Marje Pelayo